Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, märkis: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.”
Sisu
Pantera Capital on the Next Bull Market
Pantera Capital published its February Blockchain Letter last week. The letter, titled “The Seventh Bull Cycle,” is authored by founder and managing partner Dan Morehead and investment associates Ryan Barney and Sehaj Singh. Pantera Capital is an investment firm that specializes in cryptocurrencies, digital assets, and blockchain technology.
Referencing his analysis of bitcoin price cycles in the letter, Morehead tweeted Thursday:
I believe that blockchain assets (using bitcoin as a proxy) have seen the lows and that we’re in the next bull market cycle — regardless of what happens in the interest-rate-sensitive asset classes.
“That would be the seventh bull cycle, after six bear cycles," märkis ta. Morehead explained in the letter that Pantera has been through 10 years of bitcoin cycles and he has traded through 35 years of similar cycles.
The Pantera Capital founder pointed out that the BTC price decline from November 2021 to November 2022 was “the median of the typical cycle.” He added: “This is the only bear market to more than completely wipe out the previous bull market. In this case, giving back 136% of the previous rally.”
“The median downdraft has been 307 days and the previous bear market was 376. The median drawdown has been a -73% downdraft and the latest bear market ended at -77%,” Morehead continued. “I think we’re done with that and beginning to grind higher.”
Morehead further noted:
Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.
Do you agree with Pantera Capital founder Dan Morehead that we are already in a bull market cycle? Andke meile teada allpool olevas kommentaaride jaotises.
Pildi autorid: Shutterstock, Pixabay, Wiki Commons
Vastutusest loobumine: See artikkel on mõeldud ainult informatiivsel eesmärgil. See ei ole otsene pakkumine ega ostu- või müügipakkumise küsimine, või mis tahes toodete soovitust või kinnitust, teenuseid, või ettevõtted. Bitcoin-Tidings.com ei paku investeeringuid, maks, seaduslik, või raamatupidamisalane nõustamine. Ettevõte ega autor ei vastuta, otseselt või kaudselt, mis tahes kahju või kaotuse eest, mis on põhjustatud või väidetavalt põhjustatud mis tahes sisu kasutamisest või sellest sõltumisest või sellega seoses, selles artiklis mainitud kaupu või teenuseid.
Lugege lahtiütlemine