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The analysis draws parallels with gold ETFs, which experienced an eight-year rally post-launch, even during global crises like the 2008 financial meltdown. Bitcoin, being more scarce, more portable, and easier to authenticate, could surpass this pattern, with a 20% chance of extending a similar prolonged growth period.
Altcoins and Market Cap Dynamics
The analyst notes that while Bitcoin historically led the crypto market cycle, altcoins tend to follow, often impacted heavily by Bitcoin’s movements. However, the current landscape is shifting as blockchain projects with strong utility, adoption, and real-world use cases—like tokenization—are poised to survive and thrive through bear markets.