Another ‘strong’ crypto bull run may lie ahead, thinks market analyst Filbfilb
Cointelegraph’s Crypto Trading Secrets podcast has released its fifth episode, featuring Filbfilb, a cryptocurrency analyst and trader popular on Crypto Twitter. The crypto space has seen several bull and bear markets since the industry began with the launch of Bitcoin (BTC) in 2009. Each overarching crypto bull and bear market has primarily hinged on the price action and market cycles of Bitcoin, which makes sense, given that BTC is the largest, most established crypto asset. Filbfilb thinks the crypto industry may have another sizable bull market left, according to his interview with host Benjamin Pirus, recorded on Jan. 26.
“I think there will always be bull and bear markets,” Filbfilb said, responding to a question on whether Bitcoin will continue seeing bull and bear cycles. “Every market continues to have bull and bear markets for whatever reason,” he continued, adding:
“The biggest thing driving Bitcoin is speculation to a large extent, and I do think that we are still a speculative industry. I do think that there’s a good chance that we will have another very strong bull market with crypto. Each cycle brings in more people, more understanding, more acceptance of what it is that’s trying to be achieved, questioning around the ethos of why did it exist, and so on.”“So, I do believe we have gas in the tank to do another cycle,” Filbfilb added, going on to further elaborate on the rationale behind his opinion. He did, however, share his reservations regarding the possible extent of the bull run, pointing to Bitcoin’s highs becoming less dramatic over time as per its logarithmic chart. In the episode, Filbfilb also talks about his background, including his career path and more.
Check out the episode and others from Cointelegraph’s Crypto Trading Secrets podcast on Cointelegraph’s podcast page, Apple Podcasts, Spotify, Google Podcasts and TuneIn.
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