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 replied: growing institutional involvement Crypto industry can help absorb volatility in the market. “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
Recent debates in the crypto-industry have focused on whether Bitcoin’s four-year cycle can be applied to it.
The 21st of August is crypto analytics company Glassnode Bitcoin’s price may be still following its four-year halves cycle.
If patterns repeat, October could be the peak of Bitcoin’s cycle.
The deadline is approaching. for Bitcoin’s cycle peak Rekt Capital, a crypto analyst, says the market may drop this month.
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
Bitcoins are a form of digital currency.BTCThe price of a pound rose 11.5% in the last week to reach $123,850. This is just a little short of the $124,100 record high that was set on August 14, 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 On July 26, “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 an average return rate of 79.39%. according CoinGlass is a great way to collect coins.
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
