No, the market will contract until December-Jan, then should flatten and surge again within a year or two from that point.
This pattern happens with the Bitcoin halving.
Ethereum may change the pattern with the new proof-of-stake model, and the amount of market cap Eth represents should not be ignored.
Bitcoin is still king.
If Ethereum takes over Bitcoin's market cap, I will be concerned about the long-term value proposition in any crypto as it will always be subject to "derailment" by a new generation coin.
The same is true for publicly traded companies, so it's just a fact of life; if you want relatively assured value, better buy Gold (until they figure out how to 3d print it
).
Cheers.
This pattern happens with the Bitcoin halving.
Ethereum may change the pattern with the new proof-of-stake model, and the amount of market cap Eth represents should not be ignored.
Bitcoin is still king.
If Ethereum takes over Bitcoin's market cap, I will be concerned about the long-term value proposition in any crypto as it will always be subject to "derailment" by a new generation coin.
The same is true for publicly traded companies, so it's just a fact of life; if you want relatively assured value, better buy Gold (until they figure out how to 3d print it
).Cheers.