The author of the Bitcoin Standard: Decentralized Alternative to Central Banking, Saifedean Ammous, said that Bitcoin threatens the drawdown by 80%, and even corporate buyers may not survive the blow.
According to him, historically the top of the bull cycle occurs 12-18 months after the halving, and the current conditions create a “very shaky ground” for the first cryptocurrency.
The expert warned that the Bitcoin companies should hurry up with the choice: to make sure that their position will withstand 80% subsidence, or urgently change their strategies.
The new bull cycle of the first cryptocurrency will inevitably come, and the asset can demonstrate new historical maximums. But now you need to be prepared for the worst scenario, the analyst summed up.
Previously, Saifedin Ammus said that such large investment companies as BlackRock and Strategy that created the BTC-ETF products do not dispose of the first cryptocurrency and do not threaten the Bitcoin protocol.
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Source: Cryptocurrency
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