The speaker identifies $60K as the bottom of the current Bitcoin market cycle, explaining that market timelines can compress, which means the traditional four-year cycle may be broken. This compression is evidenced by the Fear and Greed Index reaching single digits, indicating extreme market fear. The speaker suggests there is still material upside potential, though it may not be as parabolic as previous cycles.
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Bitcoin's Bottom Was $60K - Anthony PompilianoAdded:
So, I'm pretty confident that was the bottom at 60K.
>> But, you still part of this four-year cycle camp, or do you think something else is going on? No. I generally think that all told, it seems that it can be compressed, which means that timelines compress as well. And that's why you saw the flush out down to 60K. I don't think I'd ever see the fear and greed index go to single digits, but we saw that happen. And so, I'm pretty confident that was the bottom at 60K. And so, if that was the bottom, that means that that timeline compresses, and so, we've kind of broken out of that four-year cycle. Now, the question is, how much upside is [music] there in the upside case? My guess is that there is material upside, not going to be the super parabolic things that we've seen the next
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