Apr 25, 2023
last 3: Penny Farthing, Crypto Cycle, and Firestone w/ sidecar
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last 3: Penny Farthing, Crypto Cycle, and Firestone w/ sidecar
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Bitwise CEO says four-year crypto cycle is dead as institutional era takes hold
Bitwise's Horsley said the four-year cycle is dead and called Strategy's STRC a "juggernaut" set to push bitcoin into fixed income markets.
➤ Bitwise CEO Hunter Horsley declares the traditional four-year crypto market cycle dead, citing the industry's shift towards institutional participation. ➤ He highlights Strategy's Stretch product as a significant innovation that will integrate bitcoin into fixed-income markets. ➤ Horsley believes BlackRock's entry has legitimized crypto for institutions, paving the way for broader adoption and a potential resurgence of bitcoin as a payment asset.
Why The 4-Year Crypto Cycle Is A Thing Of The Past: Top-Analyst
The long-held belief in the crypto market’s predictable four-year cycle, characterized by distinct phases of accumulation, uptrend, distribution, and downtrend, is being questioned by top-analyst Jordan Fish, better known as Cobie. He articulated an argument that challenges this traditional view, suggesting that the concept of a cyclic market may no longer hold true. Cobie ignited a debate on X…
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