Fidelity Executive: Skeptical of the "Four-Year Cycle End" Theory for Bitcoin

Golden Finance reports that Jurrien Timmer, Director of Global Macro at Fidelity, stated that Bitcoin's current trend is more akin to an S-curve of the internet rather than a power-law curve. Many Bitcoin supporters claim that the four-year cycle has ended and a new structural upward wave is imminent. "I am skeptical about this, not because I believe the impact of the halving cycle is weakening (which I agree with), but because I question the notion that bear markets are no longer occurring." Currently, Bitcoin's baseline is $65,000 (its previous high), while the power-law trend line indicates a baseline of $45,000. Although there is still some distance to the target price, if Bitcoin enters a consolidation phase within the next year, the power-law trend line may move closer to $65,000 and could become Bitcoin's critical threshold. But this may (or may not) happen in the future (or within the next year).