Here are the latest Bob Loukas crypto analyst thoughts!
A bearish cycle is looming for bitcoin for the next 4 years, according to Bitcoin Live analyst and creator Bob Loukas.
At a time of absolute political and economic uncertainty, making forecasts about how certain assets will behave is almost an exercise in clairvoyance. For example, predicting what the price of bitcoin or any other cryptocurrency will be is really complicated.
But the experts do it, hoping to get it right. One of them is Bob Loukas, crypto analyst and creator of Bitcoin Live and The Financial Tap.
Bob Loukas crypto analyst
In a thread via Twitter, the expert offers a novel way to analyze the future of bitcoin: instead of doing it in 4-year cycles, he inquires into the future of the cryptocurrency through 4 4-year cycles, that is, 16 years.
And with this perspective, he has bad news for investors, since he estimates that "the lows in the bitcoin price of 2026, may be lower than those of 2022."'
He himself assumes that it is hard to believe, but, he recalls with irony: "You also could not believe that the Nasdaq fell by 80% since 2000 or that the shares of Amazon and Apple sank by 90% and 85% respectively."
Loukas assures that the behavior in the price of bitcoin in the next 4 years is going to surprise most people.
However, he is cured in health, and asserts that in everything he has commented he may be wrong, "it would not be the first time or the last," he stresses.
Bob Loukas crypto analyst tips
Therefore, remember the usual tips for investing in cryptocurrencies: risk only what you can afford, so that it does not affect your basic needs, "and mitigate the risk by buying low and selling high. A novel concept," says the creator of Bitcoin Live ironically.
Taking a closer look at the present time, and moving it away from those cycles of 4 or 16 years, the reality is that the bitcoin price is recovering from those minimum prices that it reached at the beginning of July 2022, when it was close to being below 18,000 euros.
At the moment, according to data from CoinMarketCap, the price of bitcoin is 22,987.48 euros, which is a growth of 24.3%
- Bob Loukas predicts that the lows of in the bitcion price in 2016 could be lower than those of 2022.
- Bitcoin has recovered more than 24% of its value in the last 30 days. compared to the 18,496.46 euros of last July 3, 2022.
