Bitcoin’s four-year market cycle isn’t dead — Xapo Bank CEO
Seamus Rocca warned that the next Bitcoin market downturn could be sparked organically and not through a single catastrophic event.
The four-year Bitcoin (BTC) market cycle of forming new all-time highs followed by deep corrections is not dead, contrary to popular belief, according to Xapo Bank CEO Seamus Rocca.
In an interview with Cointelegraph, the CEO said that the risk of a prolonged bear market is still very real and does not need a “cataclysmic” event to trigger it. Things as simple as a general slowdown in news, developments, or routine portfolio rebalancing could cause the next market-wide downturn. He added:
“The contagion effect could be as simple as there’s no new news in the market,” causing the crypto sector to “run out of steam,” in an organic, drawn-out process, the CEO added.
