This Bitcoin Investment Thesis Is Everywhere. Here's Why You Shouldn't Care About It At All
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When Bitcoin (CRYPTO: BTC) hit the $100,000 mark in December, all lights appeared to be flashing green. Many investors were convinced that Bitcoin was about to go parabolic. Indeed, it eventually hit a new all-time high of $109,000 on Jan. 20.But ever since then, Bitcoin has been on the decline, and it now trades around the $83,000 mark. This astonishing turn of events has led some investors to rethink everything they know about Bitcoin, including the famous "Bitcoin Cycle" investment thesis that claims to predict the next move of the world's most popular cryptocurrency.The "Bitcoin Cycle" investment thesis says that Bitcoin tends to follow regular four-year, boom-and-bust cycles. Thus, if you can predict where Bitcoin is in any four-year cycle, you can predict where Bitcoin is headed next. It's so popular that many investors allude to this Bitcoin Cycle, sometimes without even realizing that they've done so.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool