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Bitcoin approaches its bullish summit, and not even corporate buyers could survive Comedown, warns Saifdean Ammous.
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BTC Price Action is always capable of an 80%draw, explains the author of “The Bitcoin Standard”.
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The OG Bitcoin also warn the potential lack of attention given to the doors.
Bitcoin (BTC) approaches “very fragile field” while preparing his next top, the author and educator Saifdean Ammous dit.
Speaking on the Podcast Coin Stories on June 3, the author of “Bitcoin Standard” warned that the Haussier market was coming to an end.
Bitcoin Bull Market wins “not inconsiderable”
Bitcoin has a limited time before its next bear market despite the institutional participation and the evolution of the structure of the market, estimates Saifdean Ammous.
Discussing phenomena such as institutional buyers and business treasury bills, he stressed that, whatever the maturity of the market, BTC / USD was still able to crash up to 80% during its comedy of the Haussier market.
“I just hope that my message to all those in this company is, Bitcoin has done -70% and -80% before and he can do it again,” he told the coin host Natalie Brunell.
“If your business model cannot manage a bitcoin draw of -80%, rework your business model at the moment, because I think we are heading to the very fragile field of the summit and the fall of it.”
https://www.youtube.com/watch?v=1jzqno_rrsq
Ammous explained that in previous price cycles, the long-term summit appeared “between a year and eighteen months” after the last subsidy reduction event.
While accepting that BTC / USD can still reach $ 200,000 or more this cycle, he recognized that current gains in the crest is located more than 600%.
“Since the merits, we have gone from $ 15,000 to $ 109,000-it is not inconsiderable,” he continued.
BTC corporate treasury bills are grilled
Ammous’s comments come when more and more companies choose to add Bitcoin to their balance sheets.
In relation: $ 100,000 of Retest VS the highest monthly closing of all time: 5 things to know in Bitcoin this week
The trend has developed outside the United States, the cryptocurrency company based in Paris, Blockchain Group, this week has acquired an additional $ 68 million from Bitcoin to bring its total assets to almost 1,500 BTC.
Echoing the Bitcoin and Bitcoin commentator echoing, in echo, shared doubts about the ability of industry newcomers to resist the type of price volatility common to all Bitcoin markets.
“The strategy clones were not tested on a lower market. Saylor never sold and continued to buy, even when his BTC position was underwater,” he wrote on X on the policy of acquiring the strategy, the company with the largest bitcoin treasure in the world.
“It is stupid to think that the new Bitcoin Treasury strategy clones will have the same discipline.”
BTC price forecasts, on the other hand, continue to vary, with $ 200,000 and more a popular target for 2025.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
