Crypto conditions signal less likely chance of ‘major capitulation’: Lyn Alden

The crypto market hasn’t reached “euphoric levels,” which means less reason to expect a major landslide, according to Lyn Alden.

A significant downside plunge for Bitcoin and the broader crypto market doesn’t look likely at this stage, according to macroeconomist Lyn Alden.

“We haven’t hit euphoric levels in this cycle; therefore, there is less of a reason to expect a kind of major capitulation,” Alden said during a recent What Bitcoin Did podcast interview published to YouTube.

“The cycle could go on for longer than people can expect, because it’s not driven by the halving, it’s driven by broader macro and interest in the asset itself,” Alden said, shutting down the idea that the four-year cycle is still intact. The sentiment mirrors comments from other crypto industry executives, such as Bitwise chief investment officer Matt Hougan, who recently dismissed the four-year-cycle theory and said the market is likely in “for a good few years.”

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