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 added: growing institutional involvement Crypto industry can help absorb volatility in the market. “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: The four-year cycle debate (BTCRecently, there has been a lot of activity in the crypto-industry.
The 21st of August is crypto analytics company Glassnode Bitcoin’s recent price movement may be following its historical 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.
On July 1, he stated that if the cycle mirrors 2020The peak of the market is likely to be around October 2024, 550-600 days after April’s halving.
“We have a very small sliver of time and price expansion left,” Rekt said. The average Bitcoin return for the fourth quarter of 2013 was 79.39%. according CoinGlass
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.
Matt Hougan is the chief investment officer of Bitwise. said on July 26 He does not expect Bitcoin to continue following the cycles as in the previous years.
“I bet 2026 is an up year,” Hougan said. “I broadly think we’re in for a good few years,” Hougan added.
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Source: cointelegraph.com
