Despite the fact that we are not out of the woods yet (bear market), but the long-term benefits ahead are actually worth the wait if you are doing what you are supposed to do during a bear market which is to buy the dip and accumulate as much as you possibly can, in anticipation for the long-awaited bull run, which will definitely come after these series of bloodbath dips and a prolonged bear market. but despite all those huge dips from time to time, the adoption rate of crypto holdings and crypto holding wallets have recently hit new all-time highs.

Now over 13k wallets are holding only one bitcoin in the past week and wallets holding one or more Bitcoin have reached a new all-time high of over 865k, in a few more weeks the number of wallets holding one or more Bitcoin might or would have released a million or more for sure, we have not even talked about altcoins, although I don't know the exact number for altcoins yet but we all know it will be massive, and the Bitcoin stats alone shows that even the scary bloodbath crypto market can't stop the massive adoption of crypto. And If you are not bullish yet then I don't know what you are waiting for honestly.

Bear market equals more buying opportunities

Now the wise crypto investors or traders are busy accumulating cheap Bitcoins and altcoins (but altcoins with good utility and strong backing) while some other people are complaining and selling off their coins, which to me might not be a smart move. Many will be financially free during the bull run, and others might not be, that is because of the moves they are making now or not making during this bear market. This is the planting season for Bitcoin and other altcoins, to reap the reward we deserve for HODLing through the dips that kept on dipping and allowed us to accumulate more coins, patience is key in this crypto industry.

More Bullish News

Today is another great day to accept crypto as a form of payment and money, the Swiss luxury watchmaker Hublot has announced that they now accept Bitcoin and Crypto payments for their new limited-edition watches, available online, and customers can make their payments via BitPay, also the payments giant Visa has launched its first crypto cards in the Latin America region and will debut its new products in Brazil and Argentina via a number of new partner firms. And lastly, the newly elected President of Colombia, President Gustavo Petro is a Bitcoin supporter and supports Bitcoin mining too, crypto keeps on winning despite the current market condition, he stated that Colombia has dominant hydropower that can be used for Bitcoin mining. Although there are mixed feelings in the air because he is also a supporter of money printing by governments which might be contrary to Bitcoin ideals. But we would have to see how he handles everything during his tenure.

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