Bitcoin's Cycle Bottom Debated Amidst New Onchain Capital Models for SMEs
Bitcoin's Cycle Bottom Debated Amidst New Onchain Capital Models for SMEs
While some analysts caution that Bitcoin may not have bottomed for the current cycle, citing potential for deeper downside risk, others, including K33, suggest a bottom is nearing. This analysis is based on historical trends where Bitcoin's price has typically bottomed within weeks of over half its circulating supply being held at a loss, often followed by strong one-year returns. Concurrently, novel models for Real World Asset (RWA) tokenization are emerging, which could enable Europe’s underserved Small and Medium-sized Enterprises (SMEs) to access credit using tangible assets as collateral, as detailed in a Cointelegraph Research report.
Novel models for RWA tokenization could allow SMEs to receive credit using tangible assets as collateral. A new Cointelegraph Research report presents a case study.
Some Bitcoin analysts point to a deeper downside risk, while others believes they can see the early signs of a recovery.
K33 said Bitcoin has historically bottomed within weeks of more than half of its circulating supply being held at a loss, with strong one-year returns following in most previous cycles.