Cantor Fitzgerald believes the current Bitcoin and crypto downturn may be more of a temporary pullback than the start of a prolonged crypto winter.
In a new CNBC interview, analyst Brett Knoblauch says that shorter drawdowns so far this cycle, Federal Reserve rate cuts, the absence of a major “black swan” event, and growing regulatory support in the US and abroad could be signs that more than half of any potential decline may already be over.
“I think if you look at the previous kind of cycles, the peak to trough duration is about 364 days. We are 85 days into that, but I think there’s a lot of positive momentum that suggests that this might not be a crypto winter. It could just be
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!