There are many people who believe Bitcoin’s next cycle could be a bear cycle, following a larger 16 year cycle.
One thing I’ve noticed is that nobody I speak with is enthusiastic or cares about crypto anymore. The novelty factor is gone, and last year’s scandals have left a bad taste in people’s mouths. Hopefully, retail will come back to pump the alts.
Speculations about the Bitcoin bull market being over have been rife in the crypto market, particularly as the price has failed to reach its March all-time high of above $73,000. Providing a more compelling case to this narrative, a crypto analyst has released a Bitcoin bear case scenario that coul…
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i will admit it is unrealistic to believe crypto will repeat this cycle of 1 yr down, and 3 yrs up..
as it becomes a mainstream asset class, i think after this cycle, it will go thorough a multi year, secular bear market like other assets, such as gold, stocks, copper, etc etc
you know people who hate crypto , haven't you realized Wall Street , pension funds , and governments are in it now ? not only government's, but the US government? granted , in terms of pension funds and governments, it's only Bitcoin, but a healthy crypto market requires a healtly Bitcoin.
anything can be based on the greater fool theory , so to me, there are two scenarios for this: 1) who missed the boat entirely because they can't see what smart money is doing and think they're smarter than them; or 2) someone ends buying well after after the smart money buys, only to get dumped on after