A crypto executive says that while Bitcoin may not follow its four-year cycle exactly, the idea isn’t dead.
“I think when it comes to the four-year cycle, the reality is that it’s very likely that we’ll continue to see some form of a cycle,” Saad Mohammed, head of APAC at Gemini crypto exchange, revealed to Cointelegraph, during an interview in Singapore, that he was sitting down with Token2049.
“It ultimately stems from people get really excited and overextend themselves, and then you kind of see a crash, and then it kind of corrects to an equilibrium,” Ahmed Ahmed
Ahmed added: growing institutional involvement The crypto-industry could absorb some volatility. “You’ll see kind of some of the volatility, kind of a flag off, but you’ll still see some sort of a cycle, because ultimately, it’s driven by, you know, by human emotion,” Ahmed Ahmed
Recently, the debate about whether or not the four-year Bitcoin cycle applies to Bitcoin is still ongoing in the cryptocurrency industry.
Cryptography will be a part of the Aug. 21. analytics company Glassnode Bitcoin’s price may be still following its four-year halves cycle.
If the patterns are repeated, then October will be Bitcoin’s peak cycle.
But the deadline has passed for Bitcoin’s cycle peak Crypto analyst Rekt Capital says that if the past is any indication, this may be the month for a fall.
He said in July that if the cycle mirrors 2020The market’s peak would be in October, roughly 550 days following the April 2024 half-off.
“We have a very small sliver of time and price expansion left,” Rekt said.
Related: Bitcoin chases new highs as crypto market cap crosses $4.21T
Bitcoin is a digital currency (BTC() soared by 11.5% during the past seven days, reaching $123,850. It is now just $124,100 short of its all-time record set in August 2014. according CoinMarketCap.
Matt Hougan, Bitwise’s Matt Hougan said recently that he does not expect Bitcoin to continue following the same cycle it did in the past.
“I bet 2026 is an up year,” Hougan said The 26th of July is a holiday. “I broadly think we’re in for a good few years,” Hougan added.
October 1 was the start of historically Bitcoin’s most profitable quarter in 2013 with a return average of 79.39%. according CoinGlass is a great way to collect coins.
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Source: cointelegraph.com
