The Bitcoin (BTC) market, which lasted four years to form its highest levels ever at all times, followed by deep corrections, does not die, unlike the common belief, according to the CEO of Xapo Bankus Rocca.
In an interview with Cointelegraph, CEO said that the risk of the long bear market is still very real and does not need a “catastrophic” event to launch it. Simple things like general slowdown in news, developments, or a routine portal balance can cause decline at the next market level. He added:
“We all want to think that Bitcoin is a hedge of inflation, and I think it will be huge that inflation one day. But I am not sure that we are there yet. I still see it as a origin of risks. At least this link between Bitcoin and S&P and the stocks are still there.”
The CEO added that “the effect of the infection can be simple, such as the lack of new news in the market,” which leads to “steam running out”, in a drawn membership.
Some bitcoin investors, industry executives, and encryption market analysts He says The four -year market cycle has died or turned into a point where the lengthy periodic periodic corrections are no longer due to the presence of institutions and the maturity of encryption as a class of assets.
Institutional purchase will not save the markets from the historical direction
“Many people say,” Oh, the institutions are here, and therefore, the periodic type of bitcoin nature has died. “I am not sure that I agree with that.
The perspective of the CEO by others in the industry, Incurred Bitcoin teacher and analyst Matthew Kratr and author of “The Bushido of Bitcoin”, Aleksandar Svetski.
https://www.youtube.com/watch?
Svetski wrote on June 15 × “Human psychology will never change. The courses have nothing to do with bitcoin and everything related to people,” Svetski wrote on June 15 ×. mail.
Others, such as the Investment Capital (VC), warning The treasury companies that are emptied by Bitcoin can provoke the next bear market.
However, VC analysts also said that the infection may be limited if most of these treasury companies continue to fund Bitcoin in the first place through fairness instead of debt.
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