Morgan Stanley says it’s harvest time as Bitcoin enters ‘fall’ season

Morgan Stanley’s Denny Galindo likens Bitcoin’s cycle to the seasons, warning that the market’s “fall” phase is a time to secure gains before a downturn.

Morgan Stanley strategists say the crypto market has entered the “fall season” in Bitcoin's four-year cycle, advising investors to harvest their gains before the potential onset of winter. 

In a podcast episode titled Crypto Goes Mainstream, Denny Galindo, an investment strategist at Morgan Stanley Wealth Management, said that historical data indicates a consistent three-up, one-down rhythm in Bitcoin's price cycles. Galindo urged investors to take profits in preparation for a crypto winter. 

“We are in the fall season right now,” he said. “Fall is the time for harvest. So, it’s the time you want to take your gains. But the debate is how long this fall will last and when the next winter will start.”

Read more