PANews reported on November 23 that, according to Cointelegraph, macroeconomist Lyn Alden stated that a major crash in Bitcoin and the cryptocurrency market as a whole is unlikely at present. "We haven't reached the frenzy level in this cycle yet; therefore, there's no reason to expect a massive sell-off." Alden also refuted claims that the four-year cycle is still valid: "This cycle could last longer than people expect because it's not driven by halvings, but by broader macroeconomic factors and people's interest in cryptocurrencies themselves."PANews reported on November 23 that, according to Cointelegraph, macroeconomist Lyn Alden stated that a major crash in Bitcoin and the cryptocurrency market as a whole is unlikely at present. "We haven't reached the frenzy level in this cycle yet; therefore, there's no reason to expect a massive sell-off." Alden also refuted claims that the four-year cycle is still valid: "This cycle could last longer than people expect because it's not driven by halvings, but by broader macroeconomic factors and people's interest in cryptocurrencies themselves."
Analysts: The crypto market has not yet reached "frenzy levels" and a large-scale crash is unlikely.
PANews reported on November 23 that, according to Cointelegraph, macroeconomist Lyn Alden stated that a major crash in Bitcoin and the cryptocurrency market as a whole is unlikely at present. "We haven't reached the frenzy level in this cycle yet; therefore, there's no reason to expect a massive sell-off." Alden also refuted claims that the four-year cycle is still valid: "This cycle could last longer than people expect because it's not driven by halvings, but by broader macroeconomic factors and people's interest in cryptocurrencies themselves."
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