Ah, the world of cryptocurrency-a place where fortunes are made and lost faster than you can say “blockchain.” And just when you think it’s all doom and gloom, along comes Cantor Fitzgerald with a cheery prediction that this downturn might just be a little hiccup rather than a full-blown crypto winter. 🥶
In a delightful chat with CNBC, analyst Brett Knoblauch shared his insights on the current Bitcoin situation. Apparently, shorter drawdowns are still in vogue, the Federal Reserve is cutting rates (because who doesn’t love a good rate cut?), and there seems to be a conspicuous absence of any dramatic “black swan” events-so no need to panic just yet! 🦢
“If you look at past cycles,” he explained, “the peak to trough duration is about 364 days. We’re 85 days into that; I think we’ve got some positive momentum here. This might just be a pullback, not a winter. After all, we’ve already seen 330% pullbacks this cycle. And the Fed is cutting rates! Last two winters started with them raising rates, mind you. No black swan events lurking in the shadows either.”
According to our optimistic analyst, the lack of catastrophic market events like the infamous FTX collapse means we might be in better shape than we realize. 🏦
“If you go back to previous cycles,” he noted, “you had the Mt. Gox hack and the FTX bankruptcy. So far, we haven’t had anything explode in the ecosystem. I doubt we’ll see a 75% pullback like before. We’ve got a ton of regulatory support-people in government are actually warming up to crypto, not just in the US but globally. So if we’re in winter, I’d say more than half the pullback has probably happened already.”
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2025-12-30 11:23