Why Crypto Companies Must Go Bankrupt Before Next Bull Market Begins

When Bitcoin 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.

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.

Crypto Companies Must Go Bankrupt Before Bitcoin Bull Cycle Can Restart

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.

Everything is cyclical, even financial markets. And sometimes complete destruction of a market is required before new growth can occur once again.

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