Strategic investor Lyn Alden is satisfied Bitcoin has still the potential to attain $100K within the present bull cycle — despite growing uncertainty and growing volatility.
“We are seeing a lot of froth throughout the industry”, she mentioned, referring to the most recent rally in quite a few meme cash similar to Doge.
“Those are kind of warning signs for the cycle”, she added.
Alden mentioned that with the bull run slowing down and growing dangers of a correction, it is smart for some buyers to take some cash off the desk and put it into another property.
“For people who would have trouble with drawdowns or periods of volatility, it can make sense to rebalance”.
General, Alden’s place stays bullish given her confidence within the sturdy fundamentals of the Bitcoin community:
“I have a pretty high conviction on it. And so I’m fine with maintaining a pretty large position.”
Despite quite a few altcoins outperforming Bitcoin this 12 months, she doesn’t assume Bitcoin is anyplace close to shedding its main place within the crypto market. Most altcoins, she identified, didn’t handle to maintain the identical diploma of development all through a number of enterprise cycles.
“ I’d be more concerned if I saw protocols that chip into Bitcoin’s market dominance in one cycle and then chip even more into it in the next market cycle”.
Don’t miss the complete interview on our YouTube channel and don’t neglect to subscribe!