#USCryptoWeek CEO of Xapo Bank: the four-year Bitcoin cycle still exists

AI Summary

According to Cointelegraph, the CEO of Xapo Bank, Seamus Rocca, stated that the four-year Bitcoin market cycle has not disappeared. Despite the increase in institutional participation, the market could still experience cyclical adjustments.

Rocca believes that Bitcoin has not yet become a hedge against inflation and remains associated with risk assets. The market could enter a bear market due to a reduction in news or adjustments in portfolios.

Some investors and analysts believe that the cycle has changed, but Rocca disagrees with this opinion. Human psychology does not change, and cyclical fluctuations will continue to occur. The venture capital firm Breed warned that excessive leverage could trigger a bear market, but if funded through equity, the impact could be limited.