""I know there's a lot of fear about the four-year cycle," Wood said. "We didn't have much of an upcycle by bitcoin standards, so we think we're pretty well through the down cycle here.""
""We may test in this $80,000 to $90,000 range on bitcoin, but we do think that the test will be successful," she said."
""It is a technology revolution," Wood said, "and it is the leader of a new asset class.""
Bitcoin's recent pullback reflects a maturing asset rather than structural weakness, with the latest four-year decline characterized as the shallowest in bitcoin's short history. The preceding bull market was muted by historical standards, which limited the severity of the current correction. Bitcoin may briefly revisit psychological levels, potentially trading in an $80,000 to $90,000 range, with expectations that those levels will hold and that the test will be successful. Once the correction completes, a renewed upside is anticipated. Bitcoin is framed as 'three revolutions in one': a global rules-based monetary alternative to fiat, a breakthrough technology, and the leading asset in a new asset class.
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]