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 Ahmad, the head of APAC for Gemini, spoke to Cointelegraph in a sitting-down interview held at Token2049, Singapore.
“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 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 have been some developments in the cryptocurrency industry.
Cryptography will be a part of the Aug. 21. analytics company Glassnode Bitcoin’s recent price movement may still be following its historical four-year halves cycle.
If patterns repeat, October could be the peak of Bitcoin’s cycle.
But the deadline has passed 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 peak of the market is likely to be around October 2024, roughly 550-days after April’s halving.
“We have a very small sliver of time and price expansion left,” Rekt said. But Oct. 1, historically, was the start of Q4, traditionally Bitcoin’s best quarter, with an average return since 2013 of 79.39%. according CoinGlass
Related: Bitcoin chases new highs as crypto market cap crosses $4.21T
Bitcoin surged by 11.5% during the previous seven days and reached $123,850 in Friday’s trading, barely missing its August 14th high of $124,000. 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.
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Source: cointelegraph.com
