Ross Ulbricht is predicting that Bitcoin’s price will move downward in the short term, drawing a parallel to a previous years-long cycle that led the flagship cryptocurrency through several waves of volatility. He notes, however, that the flagship cryptocurrency will eventually recover and achieve a vastly higher value. Long-Term Bitcoin Market Cycle Is Driving The Value Looking at market data stretching back to 2011, Ulbricht asserts that Bitcoin has moved through two key cycles. The […]
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