ARK Invest's CEO just dropped an interesting take on BTC's market behavior. She's arguing that the traditional four-year pattern we've all been tracking? That playbook might be outdated now.
Her main point: don't expect those brutal 70-80% crashes like we saw in previous cycles. The market structure has evolved. Institutional adoption, spot ETFs, macro factors - everything's shifted the dynamics.
Whether you buy this thesis or not, it's worth considering. The crypto market in 2025 isn't the same animal it was in 2017 or 2021. More liquidity, different players, new mechanisms in place.
Could we still see significant corrections? Absolutely. But the magnitude and pattern might surprise those still using old cycle models as their only guide.
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YieldChaser
· 12-09 19:05
The old cycle theory is dead, but I still don't dare to go all in... Institutional participation has indeed changed the rules of the game, but who can guarantee that there won't be another black swan event next time?
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AirdropworkerZhang
· 12-09 19:03
Uh, wait a minute, so when institutions enter the market, it doesn’t drop anymore? Then what happened in that 2022 cycle...
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FancyResearchLab
· 12-09 19:01
Another "this time is different" argument. In theory, it should work, but I bet the institutions' actual ability to stabilize the market is seriously overestimated.
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AllInAlice
· 12-09 19:01
Don’t give me that—just because institutions are entering, you say the cycle is dead? Then how do you explain the disaster in 2021? Do you really think we’re all newbies?
ARK Invest's CEO just dropped an interesting take on BTC's market behavior. She's arguing that the traditional four-year pattern we've all been tracking? That playbook might be outdated now.
Her main point: don't expect those brutal 70-80% crashes like we saw in previous cycles. The market structure has evolved. Institutional adoption, spot ETFs, macro factors - everything's shifted the dynamics.
Whether you buy this thesis or not, it's worth considering. The crypto market in 2025 isn't the same animal it was in 2017 or 2021. More liquidity, different players, new mechanisms in place.
Could we still see significant corrections? Absolutely. But the magnitude and pattern might surprise those still using old cycle models as their only guide.