Episode 9 of Cointelegraph’s Crypto Trading Secrets podcast is now available. In the episode, host Benjamin Pirus chats with Cheds, aka @BigCheds on Twitter. A trader, analyst, and author, Cheds answered a number of questions during the taping of the April 6 episode, including his take on whether the price of Bitcoin (BTC) will ever be less volatile during its bull and bear markets.
“Definitely,” Cheds replied when asked. “I think the more institutionalized it is, the more it becomes part of everyday life and the more part of the system. I think the volatility will decrease over time, I definitely do.”
Bitcoin launched in 2009 and has seen huge price fluctuations ever since. Those huge fluctuations were especially evident between 2015 and 2018, when the asset rose from less than $300 to nearly $20,000 before dipping back below $4,000, according to Cointelegraph’s BTC Price Index. In subsequent years, the asset eventually rose back to nearly $70,000 before falling below $16,000.
In recent years, Bitcoin has gone from being a largely unknown asset to one that has been invested in by the likes of MicroStrategy and Tesla. However, if Bitcoin continues its path into the mainstream, the asset’s price could become less volatile, according to Cheds.
Regarding the concept of Bitcoin bull runs, Cheds believes that technical price trends represent a better description of what is happening. “A bullfight: these are narratives more than anything,” Cheds said as part of his response to a separate question. “An uptrend: It’s a technical term based on what the price is doing,” he continued. “A bull run, I mean, it could mean a lot of different things, so I don’t know if those two are interchangeable,” he added, referring to the term “bullish run” versus “up trend.” “You could say ‘bull run,’ it could mean something different to you than it does to me.” During the episode, Cheds also answered other questions.
Watch this and other episodes of Cointelegraph’s Crypto Trading Secrets podcast on Cointelegraph’s podcast page, Apple Podcasts, Spotify, Google Podcasts, or TuneIn.
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