Four-year Bitcoin (BTCAccording to Seamus Rocca, CEO of Xapo Bank, the market cycle that forms new highs and then deep corrections, is still alive.
According to the CEO in an exclusive interview with Cointelegraph the risks of terrorist attacks are high. prolonged bear market This is still very true and doesn’t need to be a “cataclysmic” An event can trigger the next market-wide downturn. Simple things like a slowdown of news or developments, routine portfolio rebalancing, and a general decrease in the pace of business could trigger upcoming market downturns. He said:
“We all want to think that Bitcoin is an inflation hedge, and I believe that it will be that inflation hedge one day. But I’m not sure we’re there yet. I still see it very much as a risk-on asset. At least that correlation between Bitcoin, the S&P, and stocks is still very much there.”
“The contagion effect could be as simple as there’s no new news in the market,” The crypto industry is growing. “run out of steam,” In an organic and long-drawn out process, the CEO explained.
Bitcoin market participants, executives and analysts say The word “that” is a phrase that means, “That which”. four-year market cycle is dead The point at which sharp, prolonged cyclical corrections The presence of institutional investors and the maturity of the crypto asset class has made it unlikely that this will happen.
Markets won’t be saved from their historical trend by Institutional buyers
“So many people are saying, ‘Oh, the institutions are here, and, therefore, the cyclical sort of nature of Bitcoin is dead.’ I’m not sure I agree with that,” Seamus Rocca told Cointelegraph.
Others in the industry have echoed this CEO perspective. including Matthew Kratter, Bitcoin analyst and educator Matthew Kratter is the author of “The Bushido of Bitcoin,” Aleksandar Svetski.
“Human psychology will never change. Cycles have nothing to do with Bitcoin and everything to do with people. The same boom and crash will happen this time,” Svetski has written in an X post.
Other firms, such as venture capital firm Breed warn Overleveraged Bitcoin Treasury Companies could cause a risk spark the next bear market.
The analysts of the VC firm said, however, that contagion could be contained if the majority of these treasury businesses continue to finance the purchase of Bitcoins primarily using equity instead.
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Source: cointelegraph.com
