ByteTree: The bear market is over and Bitcoin is becoming mainstream

Charlie Morris, founder of investment consulting firm ByteTree, said in a market report released on Wednesday that Bitcoin is becoming mainstream, the bear market is over, and "the good times are coming." ByteTree highlighted BTC’s strong performance compared to traditional assets such as U.S. stock indices and gold. Morris noted that Bitcoin’s trend is not only strong in U.S. dollar terms, but also relative to other major assets. This is important for institutional adoption because they won't buy alternatives unless there's a little extra return. Morris also noted that altcoins are strengthening as market breadth improves after two years of a brutal crypto winter. (CoinDesk)