- Lark Davis contemplates death of 4-year cycle with gold ETF to BTC ETF launch.
- Gold saw a 8-year bull run after its ETF launch.
- Will BTC see an even longer run due to its greater success?
A popular theory arising this final quarter of the year is that the 4-year bull cycle is dead. Many analysts are debating the possibilities that lie ahead for the crypto market instead. These include year-long pump cycles, like stocks and a 5-year supercycle that will likely bring cycle top prices next year. Lark Davis contemplates death of 4-year bull cycle with gold ETF to BTC ETF launch.
Lark Davis Contemplates Death of 4-Year Bull Cycle
This bull cycle has been declared closed by many analysts who believe the bear market has begun. As of the end of October, when BTC went on to hit a new ATH earlier that month and then steadily fell in prices, a few analysts called for the conclusion of the bull cycle and saw signs for BTC preparing for a massive bear market slump. So far, this expectation has been growing more popular as crypto prices continue to trade lower and lower.
In contrast, other analysts believe that BTC is simply printing another bottom before a parabolic price pump that will lead to the death of the 4-year bull cycle. In detail, bearish analysts believe the bear market has begun based on the 4-year cycle timeline, despite this timeline promising an altseason and failing to do so. Thus, bullish analysts believe the bull market cannot end without an altseason, meaning BTC is working on printing a new bottom.
This led to two interesting points of view. On one hand, bullish analysts state that the 4-year bull cycle is completely being dismantled due to global adoption, leading BTC to experience year-long pumps like the stock market. On the other hand, bullish analysts believe the prolonged business cycle is extending the bull cycle to a 5-year super cycle this time, which could mean a shorter bull cycle next time.
Gold ETF vs BTC ETF Effect
While all these theories hold merit, other analysts are finding several indicators and reasoning that point to a change in the crypto market dynamics. For instance, Lark Davis is drawing attention to the launch of the BTC ETF and its success. He then draws a parallel to when gold ETFs were launched, which led gold to enter an 8-year-long bull run. Perhaps something similar is occurring for BTC now?
As we can see from the post above, Lark Davis states that when Gold got an ETF, it went on an 8-year bull run, and with spot Bitcoin ETF being much more successful than the gold ETF, including the fact that adoption of Bitcoin by institutions, wealth funds, and nation-states is much faster than gold, it is likely that BTC could see an extended bull run. Crypto community members and financial experts join the discussion.
