Strategic investor Lyn Alden is convinced Bitcoin has the potential to achieve $100K from the current bull cycle — despite rising uncertainty and raising volatility.
“We are seeing a great deal of froth throughout the industry”, she explained, speaking to the most recent rally in several of meme coins such as Doge.
“Those are sort of warning signals for the cycle”, ” she added.
Alden said that with all the bull run slowing and rising dangers of a correction, it makes sense for some investors to take some cash off the table and set it into a few other assets.
“For people who’d have trouble with drawdowns or periods of volatility, it may make sense to rebalance”.
Total, Alden’s position stays bullish granted her confidence in the strong fundamentals of the Bitcoin network:
“I’ve a fairly high certainty on it. And so I’m fine with maintaining a pretty large position.”
Despite a number of altcoins outperforming Bitcoin this season, she doesn’t think Bitcoin is everywhere near losing its leading position in the crypto market. Many altcoins, ” she pointed out, didn’t figure out how to sustain the identical degree of growth during multiple business cycles.
” I would be concerned if I saw protocols that processor into Bitcoin’s market dominance in 1 cycle and chip more into it at the next market cycle”.
