Trump’s crypto adviser, David Bailey, said there won't be a Bitcoin bear market for several years, but analysts aren’t so sure.
David Bailey, entrepreneur and Bitcoin adviser to US President Donald Trump, said there won’t be another Bitcoin bear market for several years amid growing institutional interest in the crypto market.
But the four-year cycle says otherwise, and crypto analysts told Cointelegraph that there are more than a few headwinds that could tank the markets.
It’s the “first time we’ve ever seen real institutional buy in,” said Bailey in an X post on Saturday.
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