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Add as a preferred source on GoogleLyn Alden Says Bitcoin's Cycle Low May Be Behind It After Leverage Flush
Alden says fast-money traders have largely exited, while fresh demand may take time to return as investors weigh technology and economic risks.
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Lyn Alden said Bitcoin's cycle low may already be behind it, pointing to leverage being flushed out and fast money largely exiting the market. She said a return of fresh demand may take longer.
Alden said buyers may want evidence that Bitcoin's cryptography can withstand risks from artificial intelligence and quantum computing before demand strengthens.
She also discussed macroeconomic conditions affecting Bitcoin's outlook.
A prior examination of factors shaping Bitcoin's next halving cycle considered adoption, investor demand, regulation and macroeconomic conditions.