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According to analysts at Pantera Capital, in the medium term, the range of Bitcoin price fluctuations will gradually decrease.
In a note prepared for investors, Pantera Capital CEO Dan Morehead wrote that drops and jumps in the exchange rate of 80% or more are going to become a part of history soon.
The cryptocurrency is gradually integrating into the global financial system. Holders of such an asset are not interested in periodic ups and downs in its value. Therefore, investors, together with regulators, will help lower the BTC volatility index.
Morehead identified several so-called bullish cycles in Bitcoin in 2013-2015 and 2017-2018. Then he pointed to bearish stages in the history of cryptocurrency - in 2018 its losses amounted to 83%, and in 2020 and 2021 - already 61% and 54%, respectively.
At the same time, the CEO of Pantera Capital himself believes that in the long term, the value of bitcoin will grow. Back in April, he announced that the price of the leading digital currency would reach $ 200,000 next year.