Bull Market

Founder

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Stacks

Bitcoin

While the decline in Bitcoin (BTC) price and the negative sentiment in the cryptocurrency market are worrying investors, Muneeb Ali, co-founder of Stacks, made optimistic statements regarding Bitcoin’s current market cycle. Ali argued that Bitcoin may have passed its bottom and that the market is in the initial stages of a new bull run.
In an interview, Ali, commenting on Bitcoin’s recent underperformance compared to gold, stated that he doesn’t believe the current price movements indicate a new bear market.
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Ali assessed the current state of the market with the following words:
<blockquote>
 “I think the bottom for Bitcoin is behind us. We’ve come out of the bear market and are currently experiencing a pullback in the early stages of a bull market. When bull markets start, people aren’t always sure if it’s really begun. It’s quite normal to see pullbacks during these periods.”
</blockquote>
The well-known figure pointed out that despite the increasing number of negative news items in the market, Bitcoin’s price reaction to them has been steadily weakening.
According to Ali, one of the main reasons for this is that a significant portion of investors who wanted to sell have already closed their positions. Interpreting the limited decline in Bitcoin price despite negative developments as a strong market signal, Ali stated that the selling pressure may be beginning to subside.
<h2 id="why-has-bitcoin-lagged-behind-gold">Why Has Bitcoin Lagged Behind Gold?</h2>
Muneeb Ali, who says he evaluates Bitcoin’s valuation by comparing it to the total market capitalization of gold, argued that BTC’s long-term growth potential has not yet been sufficiently priced in.
Ali, who stated that he has been involved in the Bitcoin ecosystem since 2013, said that he expected Bitcoin’s market capitalization to reach 20 to 30 percent of gold’s by now, but that it is still below 10 percent.
According to Ali, this difference shows that Bitcoin has significant room for growth.
However, Ali noted that institutional investors’ approach to Bitcoin negatively impacted its price performance, stating that large financial institutions viewed BTC not as a store of value like gold or real estate, but as a risky investment similar to technology stocks.
Ali said that, for this reason, when risk appetite decreases in the technology sector, institutions also sell their Bitcoin positions, and BTC moves in tandem with riskier assets like Nasdaq rather than gold.
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<h2 id="the-next-two-years-could-be-critical-for-bitcoin">The Next Two Years Could Be Critical for Bitcoin</h2>
While maintaining optimism about Bitcoin’s long-term upside potential, Ali nevertheless highlighted two significant risks facing the sector: quantum computing and AI-powered cyber threats.
Ali argued that the Bitcoin network needs to react faster to these threats, stating that while the decentralized structure can be preserved, software development and update processes need to be more organized.
According to Ali, it will become clearer in the next two years whether Bitcoin can develop a viable solution against the quantum computing threat and how it will respond to AI-related security risks.
Ali believes these uncertainties are putting pressure on Bitcoin’s valuation, and argues that if these problems are overcome, BTC could enter a much stronger upward trend.
<h2 id="what-will-be-the-key-to-bitcoin-s-new-rally">What Will Be the Key to Bitcoin’s New Rally?</h2>
Stacks co-founder said that Bitcoin transforming from a passive store of value into an income-generating asset could also have significant effects on its price.
Ali stated that Bitcoin owners should be able to earn returns in BTC without selling their assets, or borrow using Bitcoin as collateral, and that the widespread adoption of these use cases could increase demand for BTC.
Referring to the yield products developed for Bitcoin holders within the Stacks ecosystem, Ali stated that institutional investors participated in a recently launched program with a total of 1,000 BTC, and that a 3% yield rate is applied in the current program.
On the other hand, Ali, who believes that Bitcoin’s traditional four-year market cycle has not yet disappeared, said that the magnitude of rises and falls has decreased compared to past cycles.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/are-those-selling-bitcoin-making-a-big-mistake-stacks-founder-makes-noteworthy-bull-market-statement/" rel="noopener noreferrer nofollow">Are Those Selling Bitcoin Making a Big Mistake? Stacks Founder Makes Noteworthy Bull Market Statement</a>

Are Those Selling Bitcoin Making a Big Mistake? Stacks Founder Makes Noteworthy Bull Market Statement

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