Bitcoin is disruptive, making its market cycles erratic, Horizen CEO says
Bitcoin price cycles may not be as consistent as some believe, according to two industry CEOs. Launched nearly 12 years ago, Bitcoin (BTC) is known for its often volatile market cycles. Though some feel that Bitcoin's position as a store of value keeps these cycles fairly consistent, Rob Viglione, co-founder and CEO of Horizen, disagrees.“The only consistent thing about Bitcoin and crypto markets is a large degree of uncertainty,” Viglione told Cointelegraph. “We’re witnessing, in real-time, the birth of an industry, the birth of a new monetary system, and the birth of a new peer-to-peer....
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With an appreciation for bitcoin's market cycles, we can identify patterns to better gauge the progress of bull and bear markets alike.
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Discussing bitcoin's price cycles and how macroeconomic developments are shaping the market.