At long last, Bitcoin (BTC), in the eyes of many investors and analysts, is finally in a “bull market”. As Fundstrat’s Tom Lee noted in a recent tweet, BTC rebounding by $1,800 off the Bitstamp crash, the Misery Index passing 89, growth in on-chain transactions and volumes, and Bitcoin’s chart forming a golden cross are just some of the reasons why “crypto winter is over”.
Some aren’t all too sure though. Leah Wald, a former economist for the World Bank and a popular cryptocurrency analyst, recently took to Twitter to explain why Bitcoin could still see new lows in this cycle. It sounds crazy, but hear her out.