The head of Xapo Bank is waiting for a serious correction of the price of bitcoin

Director of the XAPO Bank Bank Sheimus Rockka predicted a deep correction of the Bitcoin course, which recently updated the historical maximum.

Unlike many members of the crypto community and analysts, Rockka believes that the BTC market cycles will continue, so sooner or later a protracted bear trend will be replaced by an ascending trend. In this regard, he believes that the digital asset will greatly become cheaper without any catastrophic events, and, for example, due to the banal rebalance of investment portfolios.

We all want to believe that Bitcoin is an instrument of inflation protection, and I think that one day he will become them. But I’m not sure that it can already be called that. I still treat BTC as a risky asset. At least the correlation between the Bitcoin course, the S&P 500 index and the cost of shares has not gone away, ”said Shaimus.

The trader under the pseudonym Merlijn the Trader also adheres to the theory of cycles and claims that each bull rally on the bitcoin market lasts longer, and the bear trend, on the contrary, ends faster. Given the historical data, the digital asset merchant stated that the collapse of the BTC course would begin in November or December 2025, and advised us to use the remaining time with benefit.

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Source: Cryptocurrency

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