Binance CEO: BTC unlikely to see sharp declines of past cycles

Bitcoin may not experience the sharp declines seen in previous market cycles now that it has evolved from a niche to a mainstream asset, according to Binance co-CEO He Yi. In an interview with Wu Blockchain, she explained that while some countries plan to seize and sell Bitcoin, many other nations, pension funds, and institutional investors have started to invest. This trend, He Yi argued, suggests that Bitcoin's volatility and downside risk will be smaller than in the past. She added that traditional halving cycle theories will now operate differently, rendering old trading strategies less effective in a market with new participants. While not rejecting cycle theory outright, He Yi stressed that its period, rhythm, and scale are always changing, and she does not believe the price could fall to one-tenth of its current level.