Strategic investor Lyn Alden believes Bitcoin still has the potential to hit $ 100,000 within the current bull cycle – regardless of mounting uncertainty and volatility.
“We see a variety of foam during trading,” she said, referring to the current rally in a variety of Meme Cash like Doge.
“These are warning indicators for the cycle,” she added.
Alden mentioned that given the slowdown within the bull run and the increasing risk of a correction, it makes sense for some traders to take some money off their desk and invest it in various properties.
“For people who would have problems with drawdowns or periods of volatility, it might make sense to rebalance.”
Overall, Alden’s place remains optimistic given her confidence in the solid foundations of the Bitcoin community:
“I’m pretty sure. And so I can keep a reasonably large space. “
Despite a number of altcoins outperforming Bitcoin in those 12 months, she doesn’t expect Bitcoin to lose its main place in the crypto market. She found that almost all altcoins failed to make the same progress across multiple business cycles.
“I would be particularly involved if protocols increased bitcoin’s dominance in a single cycle and much more subsequently.”
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