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Home Bitcoin

The 13-Year, 2.3X Growth Cycle in Bitcoin Has Started

by Abimbola Adu
Jan 26, 2023 - 12:00 am
in Bitcoin
The 13-Year

The 13-Year

The 13-year, 2.3X growth cycle in Bitcoin has begun, according to a recent report by Pantera Capital. This prediction is based on the historical patterns of Bitcoin’s price movements, which have followed a predictable cycle of growth and decline.

Crypto being down in line with tech-oriented equities—in the face of historic idiosyncratic disasters in our industry—shows its resilience.

I believe Bitcoin's already bottomed and we'll see it continue its 13-year 2.3x per year growth trend soon.

More: https://t.co/M1HLBIMyOH pic.twitter.com/g3ktSVQ5pH

— Dan Morehead (@dan_pantera) January 25, 2023

The report cites several key factors that have contributed to this growth cycle, including the increasing mainstream acceptance of Bitcoin as a legitimate form of currency, as well as the increasing number of institutional investors who are beginning to invest in the cryptocurrency.

One of the main drivers of Bitcoin’s growth over the years has been increasing mainstream adoption of cryptocurrency. In recent years, more merchants have begun accepting Bitcoin as a form of payment with El Salvador being the first country to officially adopt it as legal tender. This has helped increase demand for the cryptocurrency, leading to an increase in its price as more people are willing to buy it at higher prices.

Another key factor that has contributed to the growth of Bitcoin is the increasing number of institutional investors who are beginning to invest in it. This includes tech companies, fashion brands, game companies, large hedge funds, venture capital firms, and other financial institutions investing in not just Bitcoin, but seeking to establish themselves in the crypto industry. These investors are attracted to the potential returns that Bitcoin can offer as well as the fact that it is a decentralized currency that is not controlled by any government or institution.

The Pantera report also notes that the current growth cycle of Bitcoin is similar to the previous one that occurred between 2012 and 2013. During this period, the price of Bitcoin increased by around 2.3 times, and the report predicts that the current growth cycle will be of the same magnitude, creating a bullish trend across the entire crypto industry. 

The increasing mainstream acceptance of Bitcoin as a legitimate form of currency, as well as the increasing number of institutional investors who are beginning to invest in the cryptocurrency, are the main drivers of the current growth cycle. The same occurs every time investors’ sentiments towards crypto as a better store of value increase.

However, it is very important to note that market conditions are subject to change. It’s expedient that you do your own research and invest wisely with what you can afford to lose. Crypto is a highly volatile market; therefore, adequate risk management strategies must be duly applied to ensure maximum returns.

Tags: BitcoinCryptocurrency
Abimbola Adu

Abimbola Adu

Abimbola Adu is a crypto content writer with a background in English studies. She is keen on enlightening others about cryptocurrency and blockchains. She enjoys writing poems and spending time with family.

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