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Podcast: The Peter McCormack Show
Episode: The Bitcoin Supercycle with Dan Held - WBD306
Description: Location: Remotely Date: Monday 25th January Company: Kraken Role: Director of Business Development The design of Bitcoin issuance leads to clear four-year market cycles. While Bitcoin experienced bull runs in its first cycle, 2013 was the first, mainstream bull market and the price climbed to over $1,000. What followed was a multi-year bear market and an 80% drawdown. 2016/17 marked the next bull cycle with the Bitcoin price reaching $20,000 only to, again, experience an extended bear market and another 80% drawdown. Many speculate the catalyst for these cycles is the four-year halving, where the issuance r...