Bitcoin’s 7th Bull Cycle?
Photo Credit: Karolina Grabowska
Dan Morehead, the CEO of Pantera Capital is very optimistic in claiming that the bull cycle in Bitcoin has already returned. The CEO boasts of Pantera’s 10-year experience in Bitcoin and 35 years in trading similar cycles. For him, such a long history is enough to give him confidence in identifying Bitcoin’s current trend.
The majority don’t share such a positive perspective. Many are still cautious and afraid due to last year’s busts involving big names such as Three Arrows, LUNA, and FTX. These made them skeptical about Morehead’s enthusiasm.
Nevertheless, Morehead is convinced that Bitcoin is now entering its 7th bull cycle. He also adds that if 2022 was the year of distrust, 2023 will be a year of “rebuilding trust” in Centralized Finance (CeFi)
Though I like to read constructive articles, I don’t share Morehead’s pro-regulation stance and his perspective on CeFi.
Grace and peace!
Leave Bitcoin’s 7th Bull Cycle? to:
Best Posts From CryptoMigrant
We have not curated any of rzc24-nftbbg's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From CryptoMigrant
- The Search Ends Where the Church Began: Bavinck's Return to the Historical Jesus
- Old Heresies, New Names: Bavinck on Christological Conflicts and Modern Christology
- The Quest Continues: Methods, Sources, and Competing Portraits of Historical Jesus
- The Third Quest: Where the Debate Stands Today
- The Rise and Fall of the Second Quest
- The No Quest (1906–1953): Why Scholars Abandoned the Historical Jesus
- Picking Up Where I Left Off: Completing the First Quest
- Why I Stopped Reading After Five Pages
- Beginning a Reading Journey: A Reformed Introduction to the Historical Jesus
- Grace Deeper Than Our Wounds