Bitcoin's returns are diminishing from cycle to cycle.
This can be observed on the chart. Past cycles showed returns of 240x, 110x, and 18x… suggesting the next might only be 7x.
Why would Bitcoin's price continue to rise? The era of "free" government money from the pandemic is over.
Buying now is a crazy idea. It would be wiser to wait for the next market cycle in a few years.
This can be observed on the chart. Past cycles showed returns of 240x, 110x, and 18x… suggesting the next might only be 7x.
Why would Bitcoin's price continue to rise? The era of "free" government money from the pandemic is over.
Buying now is a crazy idea. It would be wiser to wait for the next market cycle in a few years.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.