Xapo Bank CEO Seamus Rocca believes the four-year Bitcoin market cycle of highs and corrections is not dead, warning of a potential prolonged bear market. He suggests that even a general news slowdown could trigger the next market downturn. The correlation between Bitcoin, the S&P, and stocks remains strong. Source: Merlijn The Trader.
Some in the industry claim the four-year market cycle is dead due to institutional presence. However, Rocca and others, like Bitcoin educator Matthew Kratter and author Aleksandar Svetski, argue that human psychology ensures market cycles will continue. VC firm Breed warns that overleveraged Bitcoin treasury companies could spark the next bear market, but financing Bitcoin buys through equity could limit contagion.
Read more at Cointelegraph: Prolonged Bitcoin Bear Markets Still a Threat