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Episode 9 of Cointelegraph’s Crypto Trading Secrets podcast is now available. In this episode, host Benjamin Pirus engages in a conversation with Cheds, also known as @BigCheds on Twitter. As a trader, analyst, and author, Cheds addressed various questions during the recording on April 6, including his thoughts on whether Bitcoin’s (BTC) price will ever experience reduced volatility in its bull and bear markets.
“Absolutely,” Cheds replied when posed with the question. “I believe that the more it becomes institutionalized, the more it integrates into daily life and the overall system. I think the volatility will decrease over time — I truly believe that.”
Bitcoin was introduced in 2009 and has since experienced significant price variations. These dramatic changes were particularly noticeable between 2015 and 2018, when the asset skyrocketed from below $300 to nearly $20,000, only to drop back down to below $4,000, according to Cointelegraph’s BTC price index. In the subsequent years, the asset ultimately climbed back to almost $70,000 before falling below $16,000.
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Over recent years, Bitcoin has transitioned from a relatively obscure asset to one that has attracted the attention of major players like MicroStrategy and Tesla. According to Cheds, if Bitcoin continues to advance into the mainstream, the asset’s price may become less volatile.
On the topic of Bitcoin’s bull runs, Cheds suggests that technical price trends provide a clearer representation of the situation. “A bull run — these are more like narratives than anything else,” Cheds remarked in response to another question. “An uptrend — it’s a technical term based on the price movement,” he elaborated. “A bull run could imply various things, so I’m not certain that those two can be used interchangeably,” he noted, contrasting the term “bull run” with “uptrend.” “You might use ‘bull run,’ but it could mean something different to you than it does to me.” Throughout the episode, Cheds also tackled several other inquiries.
Explore this episode and more from Cointelegraph’s Crypto Trading Secrets podcast on Cointelegraph’s podcast page, Apple Podcasts, Spotify, Google Podcasts, or TuneIn.
The views, thoughts, and opinions expressed herein are solely those of the authors and do not necessarily reflect or represent the views and opinions of Cointelegraph.
