Tom Lee, Chairman of Bitmine, expressed a contrarian view on Bitcoin's traditional four-year cycle during an interview with Anthony Pompliano on October 24. Lee suggested that the cycle might be extending due to institutional ETF involvement, challenging the belief that Bitcoin will peak early next year. He noted that when a consensus forms around a market prediction, it often proves incorrect.
Lee proposed that Bitcoin could be entering a longer cycle, with its price movements becoming more gradual and influenced by macroeconomic factors. Despite this potential shift, he cautioned that significant volatility remains possible, including potential 50% pullbacks in the future.
Tom Lee Suggests Bitcoin's Cycle is Lengthening, Warns of Potential 50% Pullback
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