Cardano

Bitcoin

Foundation

Polygon

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
A statement by the first Bitcoin Foundation's vice chairman triggered a discussion about the long-term prospects of crypto volatility and market cycles in digital assets. Why might the new bullish cycle be special?
<h2 id="epic-and-last-charlie-shrem-on-starting-bull-market">"Epic and last": Charlie Shrem on starting bull market</h2>
The next bull market phase for Bitcoin (BTC) and other cryptocurrencies will be epic, but it also might be the last one. Such an unusual prediction was shared by Bitcoin (BTC) pioneer Charlie Shrem with his 255,000 followers on X (formerly Twitter) yesterday, Feb. 2, 2024.
<blockquote>
 This next <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> and crypto bull market will probably be so epic, it’ll be the last. We will mature.— Charlie Shrem (@CharlieShrem) <a href="https://twitter.com/CharlieShrem/status/1753481330401448358?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 2, 2024</a>
</blockquote>
According to him, the segment getting mature will be the reason for the "last" Bitcoin (BTC) bull market.
The thesis about "maturation" of Bitcoin (BTC) and cryptocurrency markets is popular among analysts and traders. As more and more liquidity is injected into the crypto sphere, its volatility declines.
As such, Bitcoin's (BTC) performance looks more and more like that of S&amp;P 500 or even Gold. Major altcoins, including the likes of Ethereum (ETH), Cardano (ADA) and Polygon (MATIC), replicate this pattern.
As covered by U.Today previously, Bitcoin's (BTC) annualized volatility dropped to 45%, which is more than 4x lower than the peak registered in 2012.
<h2 id="ups-and-downs-until-2140">Ups and downs until 2140?</h2>
The majority of Shrem's followers challenged his position. Some of them agreed that the volatility of Bitcoin (BTC) and crypto will decline, but the longevity of new asset classes will remain undisputed.
Other commentators foresee that Bitcoin (BTC) will see its last cycle in early 2030s, while the most passionate advocates opine it would be relevant until the last Bitcoin (BTC) is mined in 2140.
Charlie Shrem IV is one of the most prominent early figureheads of the Bitcoin (BTC) movement. Back in 2011, he founded BitInstant, a service for seamless BTC purchasing that was processing 30% of all Bitcoin (BTC) trading volume.
As U.Today reported in 2018, he was also known as one of the first Bitcoin (BTC) millionaires.

Bitcoin Vet Charlie Shrem Foresees 'Last' Bull Run

Inhoudsopgave

U_Today

Andere artikelen gepubliceerd op 3 feb 2024

This Altcoin Has A Massive Transfer From Developer-Linked Wallets To Binance

Decoding the Possibility of Cardano (ADA) Price Achieving $0.6 This Month!

3 Altcoins Whales are Eyeing for February 2024

This Trader Could Soon Hit Millionaire Status Following a Substantial Investment in a New SOL Riv...

Bitcoin Slumps Don’t Shake Strong Institutional Interest; 2024 Bullish on Ethereum, GameFi

Expert Predicts Facebook and Instagram May Soon Permit Bitcoin ETF Ads

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!