Bitcoin has already seen its BTC price cycle bottom this time around, believes dan_pantera.
) is beginning its “seventh bull cycle,” and investors should not be scared of crypto post-FTX, Pantera Capital believes.” on Feb. 8, the asset management firm’s CEO, Dan Morehead, predicted that 2023 would be a “year for rebuilding trust.”retracing slightly after gaining 40%While the timing for such a scenario varies, consensus remains absent when it comes to how the market will rebound.
That perspective differs from the majority in casting aside the debate over crypto price correlation with risk assets such as equities. As Cointelegraph continues to report, thisMorehead argued that the drawdown from Bitcoin’s latest all-time highs had placed the market well within the historical context, despite“The decline from November 2021 to November 2022 was the median of the typical cycle. This is the only bear market to more than completely wipe out the previous bull market.
“2022 was a year of booms and major busts, especially as it pertains to CeFi. In the span of a few months, the world saw Three Arrows Capital collapse, Do Kwon’s LUNA disintegrate, Voyager Digital go bankrupt, and Sam Bankman-Fried’s FTX empire shatter,” he explained.
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