Brutal Bitcoin Bear Markets a Thing of the Past, Says Crypto Investment Giant CEO – But There’s a Catch

The CEO of crypto funding agency Pantera Capital says that brutal Bitcoin bear markets the place BTC plummets over 80% at the moment are a factor of the previous.  

In a brand new version of the Blockchain Letter, Dan Morehead says that Bitcoin has entered the post-halving period and not follows the acute volatility of earlier market cycles. 

 

I consider we’re accomplished with the four-year halving cycle – and on to the following worth period.  

We’ve up to date charts we’ve used since 2014 – displaying the foremost bull and bear markets.  My sense is that we completed the halving cycle in April.  We had a interval of short-term madness – the place Chinese language mining bans had been considered damaging and some folks had blockchain ESG the wrong way up – and now we’re in a brand new bull market.

I lengthy advocated that because the market turns into broader, extra helpful, and extra institutional the amplitude of costs swings will average.”

Supply: Pantera Capital

In accordance with Morehead, the brand new worth period will usher in bear markets which can be milder than the 2014 and 2018 corrective phases.

“Whereas we’ve had two down 83% bear markets already, I consider these are a factor of our primordial previous. Future bear markets will likely be shallower. The earlier two have been -61% and -54%.”

Supply: Pantera Capital

Nevertheless, Morehead emphasizes that shallower bear markets include one catch.

“Sadly, there’s no free lunch.  The flipside is we most likely gained’t see any extra of the 100x-in-a-year rallies both. (There’s an incredible coincidence of the numbers -82/3/4% on right here). If it ever hits -83% once more, I’m going ALL IN.”

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The post Brutal Bitcoin Bear Markets a Thing of the Past, Says Crypto Investment Giant CEO – But There’s a Catch appeared first on Binance.

The CEO of crypto funding agency Pantera Capital says that brutal Bitcoin bear markets the place BTC plummets over 80% at the moment are a factor of the previous.   In a brand new version of the Blockchain Letter, Dan Morehead says that Bitcoin has entered the post-halving period and not follows the acute volatility of
The post Brutal Bitcoin Bear Markets a Thing of the Past, Says Crypto Investment Giant CEO – But There’s a Catch appeared first on Binance.BitcoinBitcoin – Binance

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