According to a cryptocurrency executive, while Bitcoin’s 4-year cycle might not be exactly the same as in previous years, it doesn’t necessarily mean that the concept has died.
“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 replied: growing institutional involvement The crypto-industry could absorb some volatility. “You’ll see some of the volatility, kind of flag off, but you’ll still see some sort of a cycle, because ultimately, it’s driven by human emotion,” Ahmed Ahmed
Bitcoin and the debate about whether or not it is relevant to the 4-year cycle (BTCThe crypto industry has recently been experiencing a ).
The 21st of August is crypto analytics company Glassnode Bitcoins price may be still following its four-year cycle of halving.
If patterns repeat, October could be the peak of Bitcoin’s cycle.
The deadline is approaching. 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.
On July 1, he stated 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. But Oct. 1, historically, was the start of the fourth quarter, which has been Bitcoin’s best since 2013. The average quarterly return is 79.39%. according CoinGlass is a great way to collect coins.
Related: Bitcoin chases new highs as crypto market cap crosses $4.21T
Bitcoin has risen 11.5% in the last seven days to reach $123,850, which is just below its all-time record of $124,100 set on August 14, according CoinMarketCap is a great place to start.
Matt Hougan is the chief investment officer of Bitwise. said on July 26 He doesn’t think Bitcoin will follow a cycle like it did in the past.
“I bet 2026 is an up year,” Hougan said. “I broadly think we’re in for a good few years,” Hougan added.
Magazine: Hong Kong isn’t the loophole Chinese crypto firms think it is
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
