Bitcoin

Bubble

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/macro-expert-lyn-alden-believes-bitcoin-is-not-a-classic-bubble/" data-wpel-link="internal">Macro Expert Lyn Alden Believes Bitcoin is Not a Classic Bubble</a><br></p>
<p style="text-align: justify">Macro economy expert and author Lyn Alden suggested that traditional <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> institutions are starting to believe that <a href="https://en.coin-turk.com/secs-stance-on-spot-bitcoin-etfs-likely-to-shift-bernstein-analysts-suggest/" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/these-price-levels-are-critical-says-cryptocurrency-analyst-is-bitcoins-trend-reversing/" data-wpel-link="internal">BTC</a>) is not inside a classic bubble. Additionally, the expert examined Bitcoin’s price movements over the last 15 years.</p> 
<h2 id="historical-data-on-bitcoin">Historical Data on Bitcoin</h2> 
<p style="text-align: justify">In a new interview with Peter McCormack, Lyn Alden pointed out that Bitcoin, the leading cryptocurrency, has shown a general upward trend likely to continue, based on its price in the last 15 years, and stated the following:</p> 
<blockquote> 
 <p style="text-align: justify">You see this recurring cycle, and it’s been done three times. Three times, after a drop of 75% or more, sometimes over 90%, it reached a higher level. There are very few stocks that have done this, and I couldn’t find any stock that has done it more than three times, and if Bitcoin reaches another high peak, it will have done it for the fourth time. However, what we need to keep in mind is that most people haven’t seen this chart. Instead, most people have seen what happens when Bitcoin becomes big enough for them to notice. For example, they saw the rise in 2017 and the subsequent crash, and then the rise and crash in 2021; high highs, high lows. So they’ve seen two. So they think: Okay, there was a bubble, then a warning bubble formed, and then it died. Many people see it this way.</p> 
</blockquote> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-296845 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/lyn.jpg" alt="" width="871" height="487"></p> 
<h2 id="bitcoin-and-bubble-speculation">Bitcoin and Bubble Speculation</h2> 
<p style="text-align: justify">Alden argued that when institutions pay attention to BTC’s long history of recording higher and higher lows, they begin to understand that Bitcoin operates not as a general market bubble but as an asset in a long-term uptrend. The expert stated:</p> 
<blockquote> 
 <p style="text-align: justify">Whereas those of us who are more involved in the space say: No, no, it’s still going strong beneath the surface. It becomes impossible to ignore when they see a third high peak and perhaps a third low trough. Because what matters is not how many times Bitcoin has done this, but how many times it has happened. So whether they’ve seen the logarithmic chart is entirely off their radar. And I think this is where Bitcoin is becoming increasingly normalized among institutions, and talking about it becomes less crazy because it’s an asset that doesn’t show the characteristics of a traditional bubble. People keep calling it a tulip, but if you look at the tulip chart, it looks like a three-year table with this crazy rise and fall. It didn’t come back to a higher and higher level multiple times over more than 15 years. And so as people see it becoming more and more normal, it normalizes.</p> 
</blockquote> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/macro-expert-lyn-alden-believes-bitcoin-is-not-a-classic-bubble/" data-wpel-link="internal">Macro Expert Lyn Alden Believes Bitcoin is Not a Classic Bubble</a></h5>

Macro Expert Lyn Alden Believes Bitcoin is Not a Classic Bubble

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