Bitcoin News: Saifedean Ammous Warns Bitcoin Price Nearing Cycle Peak, Suggests Corporate Buyers Prepare for Potential 80% Drawdown

As Bitcoin trades around $105,857, economist and “The Bitcoin Standard” author Saifedean Ammous has issued a cautionary statement on the Coin Stories podcast, warning that the leading cryptocurrency may be nearing the top of its current bull cycle. Ammous stated that despite institutional adoption and corporate treasury allocations, Bitcoin (BTC) remains historically prone to severe drawdowns, suggesting that a decline of up to 80% remains possible. “Bitcoin has done -70% and -80% before, and it can do it again,” Ammous said, urging businesses to reevaluate their exposure if they cannot endure such a downturn. He added that Bitcoin’s market cycle peaks historically occur within 12 to 18 months following a halving event source: https://www.binance.com/en/square/post/25159686250153?utm_source=BinanceNewsRSS