According to crypto analyst Benjamin Cowen, Bitcoin's return on investment (ROI) is unlikely to reach the same levels as in previous market cycles. Cowen suggests that Bitcoin's ROI will dip below the levels of the third market cycle, citing the larger market cap of the cryptocurrency as a reason for diminishing returns. He notes that while Bitcoin's ROI has been higher in this cycle compared to the previous one, historical patterns suggest that it will fall short of the prior cycle as the market approaches the end of the cycle. Cowen attributes this to the exponentially greater amount of money required to move the market. Bitcoin is currently trading at $101,100, experiencing a 1% decrease in the last 24 hours.
- Content Editor ( dailyhodl.com )
- 2024-12-12
Bitcoin Likely To Print Smaller Gains Compared To Last Market Cycle, According to Analyst Benjamin Cowen