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 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.
The 21st of August is crypto analytics company Glassnode Bitcoins’ recent price movement may still be following its historical four-year halving cycles.
When patterns repeat themselves, Bitcoin cycle peak could fall in October
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 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 (BTCThe price of a pound rose 11.5% in the last week to reach $123,850. This is just a little short of its all-time record high, which was $124,100, set on August 14, according CoinMarketCap is a great place to start.
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 strongest quarterly since 2013. With an average return on 79.39%. according CoinGlass is a great way to collect coins.
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Source: cointelegraph.com
