Brutal Bitcoin Bear Markets is a thing of the past, says CEO of investment giant Crypto, but there’s a catch

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The CEO of crypto investment firm Pantera Capital has said that the brutal bearish Bitcoin markets, where BTC falls by more than 80%, are now a thing of the past.

In a new edition of the Blockchain Letter, Dan Morehead claims that Bitcoin has entered the post-halving era and no longer follows the extreme volatility of previous market cycles.

“I think we’re done with the four-year halving cycle and the next price era.

We’ve updated the charts we’ve been using since 2014 showing the major bullish and bearish markets. I feel like we completed the halving cycle in April. We had a period of temporary madness where Chinese mining bans were seen as negative and a few people had ESG blockchain upside down and were now in a new bull market.

I have long argued that as the market becomes larger, more valuable and more institutional, the magnitude of price movements will moderate. “

Source: Pantera Capital

According to Morehead, the new era of pricing will usher in more subdued bear markets than the corrective phases of 2014 and 2018.

“Although we’ve had two bear markets already down 83%, I think these are part of our primordial past. Future bear markets will be shallower. The previous two were -61% and -54% .

Source: Pantera Capital

However, Morehead points out that shallower bear markets come with a catch.

Unfortunately, there is no free lunch. The flip side is that we probably won’t see 100x rallies in a year either. (There is an amazing coincidence of the numbers -82 / 3/4% here). If it ever reaches -83% again, I will ALL IN.

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Featured Image: Shutterstock / Andrey_Kuzmin

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