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Bitcoin News: Trump’s Bitcoin Advisor Predicts Endless Bull Run, But Analysts Issue Warning
The post Bitcoin News: Trump’s Bitcoin Advisor Predicts Endless Bull Run, But Analysts Issue Warning appeared on BitcoinEthereumNews.com. The post Bitcoin News: Trump’s Bitcoin Advisor Predicts Endless Bull Run, But Analysts Issue Warning appeared first on Coinpedia Fintech News David Bailey, Bitcoin Magazine CEO and advisor to US President Donald Trump, predicted that Bitcoin will not experience any further bear markets. He believes the price will continue to rise significantly as institutional adoption grows. Contrary to Bailey’s views, several industry experts expect continued or upcoming bear markets in Bitcoin. In a recent post on X, Bailey’s statement suggested that increased institutional involvement will increase Bitcoin’s price and prevent future extended bear markets. He also said that institutions like sovereign nations, banks, and insurance companies will eventually hold Bitcoin, and their adoption process has already begun. He wrote, “There’s not going to be another Bitcoin bear market for several years. Every Sovereign, Bank, Insurer, Corporate, Pension, and more will own Bitcoin. The process has already begun in earnest, yet we haven’t even captured 0.01% of the TAM.” Bear Market to End in Bitcoin Another expert who believes in an end to the bear market in BTC is Ryan McMillin, co-founder and chief investment officer of Merkle Tree Capital. He told Cointelegraph that there is a possibility there will be no bear market, “similar to gold post the early 2000s ETF launch as the asset was financialized and up only for eight years.” He also said that without a bull market, there can’t be a bear market, as the bull market precedes any bear market. McMillin said, “If this structure persists, then there is no bear market; there will be regular corrections, which are great buying opportunities.” Experts Who Foresee Bearish Market in BTC While Bailey expects the era of Bitcoin’s bear markets to end, several experts, including John Glover, CIO at Ledn, forecast a bear market. In early August,…
The post Bitcoin News: Trump’s Bitcoin Advisor Predicts Endless Bull Run, But Analysts Issue Warning appeared on BitcoinEthereumNews.com.
The post Bitcoin News: Trump’s Bitcoin Advisor Predicts Endless Bull Run, But Analysts Issue Warning appeared first on Coinpedia Fintech News David Bailey, Bitcoin Magazine CEO and advisor to US President Donald Trump, predicted that Bitcoin will not experience any further bear markets. He believes the price will continue to rise significantly as institutional adoption grows. Contrary to Bailey’s views, several industry experts expect continued or upcoming bear markets in Bitcoin. In a recent post on X, Bailey’s statement suggested that increased institutional involvement will increase Bitcoin’s price and prevent future extended bear markets. He also said that institutions like sovereign nations, banks, and insurance companies will eventually hold Bitcoin, and their adoption process has already begun. He wrote, “There’s not going to be another Bitcoin bear market for several years. Every Sovereign, Bank, Insurer, Corporate, Pension, and more will own Bitcoin. The process has already begun in earnest, yet we haven’t even captured 0.01% of the TAM.” Bear Market to End in Bitcoin Another expert who believes in an end to the bear market in BTC is Ryan McMillin, co-founder and chief investment officer of Merkle Tree Capital. He told Cointelegraph that there is a possibility there will be no bear market, “similar to gold post the early 2000s ETF launch as the asset was financialized and up only for eight years.” He also said that without a bull market, there can’t be a bear market, as the bull market precedes any bear market. McMillin said, “If this structure persists, then there is no bear market; there will be regular corrections, which are great buying opportunities.” Experts Who Foresee Bearish Market in BTC While Bailey expects the era of Bitcoin’s bear markets to end, several experts, including John Glover, CIO at Ledn, forecast a bear market. In early August,…
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