PANews reported on December 10th, citing Bloomingbit, that Binance founder Changpeng Zhao stated at the Bitcoin Middle East Conference in Abu Dhabi that the "four-year cycle" of Bitcoin may no longer apply, and mentioned that with increased institutional participation, the market may be entering a "supercycle." A supercycle refers to a market cycle where the impact of institutional and regulatory capital flows is stronger than the price cycle centered on traditional halving events. Zhao also stated that discussions about national-level Bitcoin reserves may spread. He suggested that if the US engages in discussions about strategic reserves, other countries may follow suit.PANews reported on December 10th, citing Bloomingbit, that Binance founder Changpeng Zhao stated at the Bitcoin Middle East Conference in Abu Dhabi that the "four-year cycle" of Bitcoin may no longer apply, and mentioned that with increased institutional participation, the market may be entering a "supercycle." A supercycle refers to a market cycle where the impact of institutional and regulatory capital flows is stronger than the price cycle centered on traditional halving events. Zhao also stated that discussions about national-level Bitcoin reserves may spread. He suggested that if the US engages in discussions about strategic reserves, other countries may follow suit.
Changpeng Zhao: The crypto market may be entering a "supercycle," and the "four-year cycle" for Bitcoin may no longer apply.
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PANews reported on December 10th, citing Bloomingbit, that Binance founder Changpeng Zhao stated at the Bitcoin Middle East Conference in Abu Dhabi that the "four-year cycle" of Bitcoin may no longer apply, and mentioned that with increased institutional participation, the market may be entering a "supercycle." A supercycle refers to a market cycle where the impact of institutional and regulatory capital flows is stronger than the price cycle centered on traditional halving events. Zhao also stated that discussions about national-level Bitcoin reserves may spread. He suggested that if the US engages in discussions about strategic reserves, other countries may follow suit.
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