David Billy, businessman and bitcoin advisor to US President Donald Trump, says there will be no other bitcoin market for several years amid an increasing institutional interest in the encryption market.
But the four -year cycle says otherwise, and tells Cointelegraph that there are more than a few opposite winds that can wear markets.
It is “the first time we have seen a real institutional purchase”, ” He said Billy at X Job on Saturday.
He added: “All sovereignty, bank, insurance company, company, pension, and more will have Bitcoin. The process has already started seriously, however we did not consume even 0.01 % of the TAM (TAM). We go much higher. A big dream.”
He said that the previous institutional interest was merely “extremist values with marginal stakes.”
Billy, founder of Bitcoin and BTC Inc. , He served as a consultant during Trump The presidential campaign and Credit Although he is a central figure in the bitcoin axis of the president.
Over the past two years, the institutions have gained steady exposure to encryption through investment vehicles such as Funds circulating for exchange (ETFS) and the creation of encrypted treasury bonds – With the increase in total holdings of up to $ 100 billionMost often made of bitcoin.
Reasons for the encrypted bear market
A report issued by the Investment Capital Company (VC) suggested that a few of this treasury The companies will survive in the long runWhich can lead to the following Crypting bear market.
Speaking to Cointelegraph, ZX Capital Capital said the founder and chief investment staff CK Zheng The Crypto is still largely linked to the stock market,; If it slows down in the bear market, “you will follow the encryption”.
Earlier this year, The stock market slides almost to the bear marketBut according to Zheng, it has turned away, and there have been many developments since it reduced the possibilities of repetition.
He said: “The question is what remains of the year, whether the bear market will happen or not, and this is an interesting discussion, but my personal point of view is that it is unlikely, especially after the Federal Reserve Bank reduced interest rates, and Jerome Powell’s speech last Friday.”
“It is now one of the largest references in the federal reserve ready to reduce the interest rate, probably, in September, and this may be the beginning of a low interest cycle, given economic data and softening the labor market.”
Meanwhile, Paf Hondal, the main market analyst in Swift Australia Swiftsk, said the market was a risk and supported in high -channel origins such as Bitcoin and Ether (Eth).
However, it is expected to see a re -rotation in fixed income tools at some point.
“The path of less resistance is higher for Bitcoin, but this does not mean that the bear market is years away. The total shocks come when you don’t expect it at least. My doubts are that we continue to see what we see, which is the decrease in price fluctuations on each session,” Hindale said.
“The high interest rate is difficult politically, but the market expects to rise again during the next year, and this may be an incentive for correction.”
Ended the possibility of encryption bear markets
The last bear market was in 2022, and before that, in 2018. In both cases, the booming bull market preceded collapse.
Ryan McMeeline, co -founder and head of investment in Mercli Tree Capital, Australian investment manager in Australia, told CointeleGraph that the current basic issue indicates the top of Q2 2026, then “if global liquidity is likely to be reflected, which probably leads to a relatively mild bear market by mid -2016.”
Related to: Bitcoin has a “opportunity greater than 50 %” worth $ 150,000 before bear strikes: Exec:
He said: “Benefiting from relaxation from bitcoin purchases fed by debts or organizational shock that can spark shrinkage.”
“Direct Access Trading (DAT) and institutional markets add huge pools of demand, but they also come with risks, and some DATS will be delayed to the party, overwhelming them and not ready for fluctuations that make this asset category very interesting, which is likely to be a catalyst for the next bear market.”
However, McMillin says that there is also a possibility that there will be no market for the bear ever, “similar to the Gold Post launch in early 2000 from ETF where financial assets were funded and only rose for 8 years.”
Another factor is the bull market that precedes any bear market; Without an equivalent bull market, there can be no deep and sustainable bear market.
“Until now, this course was accompanied by periods of monotheism, the leverage is reset, and the upward market continues. If this structure continues, there is no bear market; there will be regular corrections, which are great purchase opportunities,” added McMillin.
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