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He’s skeptical about how quickly Bitcoin might flip gold as the primary store of value. The market cycles—characterized by four-year boom-bust patterns—could extend over the next few years, but Ryan hopes a more stable, tech-like market evolution emerges, with shallower bear markets and more rational growth.
Bitcoin’s Market Cycles and Flipping Gold
Ryan acknowledges Bitcoin's volatile cycles but hopes that they're becoming less extreme, akin to the tech sector's more steady growth since the dot-com bubble burst. If Bitcoin continues to surge to around $250K, a correction back to $100K could cause a $3 trillion market value decline, but he believes such swings are unlikely to trigger a global recession in isolation.