Grayscale Research expects current bull run to potentially extend into 2025 and beyond

In a recent report on Grayscale's official website, Grayscale Research noted that crypto valuations have historically followed an obvious four-year cycle. However, with the launch of spot Bitcoin and Ether exchange-traded products (ETPs) and the entry of crypto-friendly officials into the U.S. Congress, Grayscale Research reckons that crypto valuations may ultimately outperform the recurring four-year cycles. It expects the current bull run to potentially extend into next year and beyond if the asset class continues to be supported by fundamentals such as application adoption and broader macro market conditions.