{"id":407449,"date":"2019-12-16T18:00:19","date_gmt":"2019-12-16T18:00:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=407449"},"modified":"2019-12-16T15:59:31","modified_gmt":"2019-12-16T15:59:31","slug":"analyst-crypto-companies-must-bankrupt-before-bear-market-concludes","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/analyst-crypto-companies-must-bankrupt-before-bear-market-concludes\/","title":{"rendered":"Why Crypto Companies Must Go Bankrupt Before Next Bull Market Begins"},"content":{"rendered":"

When Bitcoin<\/a> broke out from the $4,000 range and went on a parabolic run around mid-year, the crypto market breathed a collective sigh of relief as they said goodbye and good riddance to the bear market.<\/span><\/p>\n

However, as Bitcoin falls back into a downtrend, and the market begins to fear that crypto winter may return, one accurate analyst claims that crypto companies themselves must first begin to capitulate and file for bankruptcy before the bear market can really come to an end.<\/span><\/p>\n

Crypto Companies Must Go Bankrupt Before Bitcoin Bull Cycle Can Restart<\/h2>\n
Volcanoes erupt, causing massive damage and even loss of life, leaving everything it touches barren and burned. But in time, the fertile earth created from the volcano becomes a bed for the growth of new life.<\/span><\/p>\n
Everything is cyclical, even financial markets. And sometimes complete destruction of a market is required before new growth can occur once again.<\/span><\/p>\n
Related Reading | Accurate Trader Calls For $1K Bitcoin and Destruction of Crypto Industry<\/a>\u00a0<\/strong><\/em><\/p>\n
Such was the case back with the dot com bubble when exuberant investors flocked to early startups of internet companies promising to be the next big thing. The FOMO and fever absorbed enormous wealth from investors, only to eventually leave many burned, and the businesses they invested in collapsing once reality set in and hype faded.<\/span><\/p>\n
The resulting fallout cleansed the market of early internet startups<\/a> that didn\u2019t have legitimate use cases or business plans. From the ashes, though, rose today\u2019s giants like Amazon<\/a>, Apple, Facebook, and countless others.<\/span><\/p>\n
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The internet boom cause the dot com bubble, which ruptured in 2000, causing widespread bankruptcies for "internet companies." We've seen a bear market, but not one that causes widespread bankruptcies for "crypto" companies. Crypto needs the exodus that the internet had in 2000.<\/p>\n
— MAGIC (@MagicPoopCannon) December 15, 2019<\/a><\/p><\/blockquote>\n