The author of "The Bitcoin Standard," Saifedean Ammous, presented an analysis of the current state of the Bitcoin (BTC) bull market cycle in an interview with Coin Stories published on June 3rd. He pointed out that, compared to past halving cycles, the current market may be approaching its peak.
Mr. Amouz has warned that while it is possible for the price of BTC to reach $200,000 by 2025, there is a significant risk of a sharp decline following a rapid rise. Historically, there is a tendency for market peaks to occur 12 to 18 months after halving, and we are currently in that timeframe.
He called the institutionalization of bitcoin by institutional investors on Wall Street an "inevitable trend." While he personally hopes that other investors will acquire bitcoin for less than $100,000, he has shown respect for market participants' choices.
On the other hand, the adoption of Bitcoin for corporate reserves has prompted a review of business models that cannot withstand an 80% price decline. He warned that "Bitcoin has experienced declines of 70-80% in the past, and it could happen again."
Standard Chartered Bank also released a warning report on the Bitcoin financial strategies of listed companies on the same day. Currently, over 60 companies hold more than 670,000 BTC, and it analyzes that there is a possibility of a wave of forced selling if the price drops 22% from the average purchase price.
Kendrick, who is accompanying, pointed out in the report that if the Bitcoin price falls below $90,000, half of the companies will be facing unrealized losses. There are also concerns about downward pressure on corporate stock prices due to improved ETF access.
Furthermore, Mr. Amouz expressed a negative view on the possibility of returning to a gold standard in the same interview. He cited the negative stance of various governments towards gold and the lack of progress in establishing an international gold settlement system as reasons.
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Reaching 200,000 Dollar may be possible, but risks are increasing; the author of 'The Bitcoin Standard' warns of a bullish market peak.
The author of "The Bitcoin Standard," Saifedean Ammous, presented an analysis of the current state of the Bitcoin (BTC) bull market cycle in an interview with Coin Stories published on June 3rd. He pointed out that, compared to past halving cycles, the current market may be approaching its peak.
Mr. Amouz has warned that while it is possible for the price of BTC to reach $200,000 by 2025, there is a significant risk of a sharp decline following a rapid rise. Historically, there is a tendency for market peaks to occur 12 to 18 months after halving, and we are currently in that timeframe.
He called the institutionalization of bitcoin by institutional investors on Wall Street an "inevitable trend." While he personally hopes that other investors will acquire bitcoin for less than $100,000, he has shown respect for market participants' choices.
On the other hand, the adoption of Bitcoin for corporate reserves has prompted a review of business models that cannot withstand an 80% price decline. He warned that "Bitcoin has experienced declines of 70-80% in the past, and it could happen again."
Standard Chartered Bank also released a warning report on the Bitcoin financial strategies of listed companies on the same day. Currently, over 60 companies hold more than 670,000 BTC, and it analyzes that there is a possibility of a wave of forced selling if the price drops 22% from the average purchase price.
Kendrick, who is accompanying, pointed out in the report that if the Bitcoin price falls below $90,000, half of the companies will be facing unrealized losses. There are also concerns about downward pressure on corporate stock prices due to improved ETF access.
Furthermore, Mr. Amouz expressed a negative view on the possibility of returning to a gold standard in the same interview. He cited the negative stance of various governments towards gold and the lack of progress in establishing an international gold settlement system as reasons.