October 20, 2021
Markets

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

The CEO of crypto investment firm Pantera Capital says that brutal Bitcoin bear markets where BTC plummets over 80% are now a thing of the past.  

In a new edition of the Blockchain Letter, Dan Morehead says that Bitcoin has entered the post-halving era and no longer follows the extreme volatility of previous market cycles. 

 

I believe we are done with the four-year halving cycle – and on to the next price era.  

We’ve updated charts we’ve used since 2014 – showing the major bull and bear markets.  My sense is that we finished the halving cycle in April.  We had a period of temporary insanity – where Chinese mining bans were thought to be negative and a few people had blockchain ESG upside down – and now we’re in a new bull market.

I long advocated that as the market becomes broader, more valuable, and more institutional the amplitude of prices…

Read full article here: dailyhodl.com