Bull & Bear
Where Did Bulls and Bears Come From?
The actual origins of these expressions are unclear. Here are two of the most frequent explanations given:
1. The commonly held belief about the origin of these terms suggests that the use of bull and bear to describe markets comes from the way the animals attack their opponents. A Bull thrusts its horns up into the air, while a bear swipes its paws downward. These actions are metaphors for the movement of a market.
2. Historically, the middlemen in the sale of bearskins would sell skins they had yet to receive. As such, they would speculate on the future purchase price of these skins from the trappers, hoping they would drop. The trappers would profit from a spread—the difference between the cost price and the selling price. These middlemen became known as bears, short for bearskin jobbers and the term stuck for describing a downturn in the market. Conversely, because bears and bulls were widely considered to be opposites due to the once-popular blood sport of bull-and-bear fights, the term bull stands as the opposite of bears.
To me this Bull&Bear Painting represents dynamics of the Crypto speculative market. I have a grand respect for both animals as I have for both market movements. Gains in the bull market are rewarding, at the same time I am convinced that there is a huge opportunity in every bear market.
Acrylics on canvas panel.