According to Xapo Bank, Seamus Rocca, a four -year Bitcoin (BTC) market cycle consisting in creating fresh highest all time, and then deep corrections, contrary to the widespread belief, Seamus Rocca.
In an interview with Cointelegraph, the Director General said that the risk of a long -lasting bear market is still very real and does not need a “cataclysmic” event to launch it. Things as plain as the general slowdown in messages, development or routine balancing the portfolio can cause another slowdown on the market. He added:
“We all want to think that Bitcoin is an inflationary hedge and I think that one day it will be inflationary protection. But I’m not sure if we are there. I still consider it risk assets. At least this correlation between bitcoins, s & p and wrestling is still very much there.”
“The effect of infection can be as simple as there is no new messages on the market,” causing the cryptographic sector to “run out of couple” in an organic, pulled process, added CEO.
Some Bitcoin investors, industry directors and cryptographic market analysts to talk That the four -year market cycle is dead or has moved to the point where the pointed, prolonged cyclical corrections are no longer likely due to the presence of institutions and cryping maturation as a class of asset.
Institutional buying will not save markets from a historical tendency
“So many people say:” Oh, institutions are here, and therefore the cyclical type of nature of Bitcoins is dead. ” I am not sure if I agree with that, “said Seamus Rocca Cointelegraph.
The perspective of the CEO was repeated by others in the industry, in this Educator and Bitcoin Matthew Kretter and author of “Bushido of Bitcoin”, Aleksandar Svetski.
https://www.youtube.com/watch?v=hb0z1ti8uys
“Human psychology will never change. Cycles have nothing to do with Bitcoin and everything that has to do with people. This time the same boom and disaster,” wrote Svetski in June 15 x post.
Others, such as Venture Capital (VC), alert These Bitcoin tax companies could cause another bears.
However, analysts from VC also stated that infection can be circumscribed if most of these tax companies still finance their bitcoins primarily through own capital, not a debt.
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