He didn’t call for a blow-off top though.
Either way, going from 200k to 500k in a few weeks and coming back down to 200k over the course of 2-3 months and then continuing to carry on like we did between January and now is not winter.
Winter implies going back down to ~$70k or lower and taking multiple years to get back to the previous ATH. He doesn’t see that happening. I don’t see that happening.
Something resembling the price action we’ve had over the last 16 months is most likely.
i dont see that happening either
pretty sure last cycle was the only time the bear went under the previous all time high
usually “bitcoin winters” have higher lows
https://x.com/DeathCabToQE/status/1932513389353501109
Things are already different. I have no reason to believe price action will revert to previous cycles where price action was predominantly influenced by retail.
every cycle is different
bitcoin stocks will probably lengthen both the bull and bear this cycle
The other cycles are siblings. This one is a second cousin 😂
I agree. I think we’ll see a decade long bull market fueled by the ETF and Bitcoin stocks, followed by a mild bear market lasting no more than a couple of years.
