Expect deeper price drawdowns as Bitcoin’s ‘maturing phase’ continues, says analyst

Can Bitcoin investors relax? The recent brutal price drawdown isn’t the end of the cycle but instead a sign that the market is maturing, says Fabian Dori, chief investment officer at Sygnum bank, who argues that sharper swings should be expected as Bitcoin transitions from fringe speculative asset to a more established market. “From a cycle perspective, we see a maturing phase rather than an ending one,” Dori wrote in a Thursday note to clients. “Volatility and drawdowns could indeed become more pronounc ...