{"id":15294,"date":"2021-12-14T20:54:21","date_gmt":"2021-12-14T20:54:21","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/multicoin-capital-exec-says-there-may-not-be-a-crypto-bear-market-at-all-claims-bitcoin-will-get-flipped\/"},"modified":"2021-12-14T20:54:21","modified_gmt":"2021-12-14T20:54:21","slug":"multicoin-capital-exec-says-there-may-not-be-a-crypto-bear-market-at-all-claims-bitcoin-will-get-flipped","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/multicoin-capital-exec-says-there-may-not-be-a-crypto-bear-market-at-all-claims-bitcoin-will-get-flipped\/","title":{"rendered":"Multicoin Capital Exec Says There \u2018May Not Be a Crypto Bear Market at All,\u2019 Claims \u2018Bitcoin Will Get Flipped\u2019"},"content":{"rendered":"

While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the \u201cnext bear market will not be like the last one.\u201d In fact, Samani remarks that there may not even be \u201ca bear market at all.\u201d<\/strong><\/p>\n

Multicoin Capital Executive Claims the \u2018Next Bear Market Will Not Be Like the Last One\u2019<\/h2>\n

One thing is for sure, cryptocurrency investors are fearful of a full-on bear market like the past two crypto winters that shaved digital currency prices by more than 80% in value after each top. Currently, anywhere between 25% to 30% of the value since the crypto price highs on November 10, have been lost and bearish sentiment has put pressure on the crypto economy as a whole. However, despite the 30% drawdown in market values, Multicoin Capital\u2019s managing partner Kyle Samani shared his thoughts<\/a> in a recent Twitter thread published two days ago.<\/p>\n

\u201cWhy the next bear market will not be like the last one,\u201d Samani said. \u201cAnd in fact, we may not have a bear market at all. Or we may have half a bear market, depending on your perspective.\u201d Samani further says<\/a> that broadly speaking, there are two types of people in crypto: \u201cmoney crypto\u201d and \u201ctech crypto.\u201d In recent times, or since 2017, Samani claims that the tech crypto group has dominated. \u201cSince 2017, tech crypto has come to dominate the zeitgeist,\u201d Samani stressed.<\/p>\n

Samani remarked<\/a> that these days, it is clearly evident that tech crypto dominates and he says \u201cthere are still lots of people who just think about BTC<\/a> as an inflation hedge, but they represent an increasingly small [percentage] of press, social media, conference speaking, etc.\u201d The Multicoin Capital executive added<\/a>:<\/p>\n

Money crypto people think primarily about interest rates, the politicization of central banks, etc. Tech people care about building. Inevitably, politicians\/CBs will do stuff that is bad for BTC<\/a> as an inflation hedge. Whether that\u2019s banning it (or trying to), or just raising rates, or whatever. There is a natural ebb and flow to the actions of these institutions, and BTC-USD will naturally respond to it.<\/p>\n

Samani Insists a Vast Amount of Capital out There That \u2018Will Never Believe in Bitcoin\u2019 \u2014 \u2018Tech Money Doesn\u2019t Care About Macro\u2019<\/h2>\n

Samani further stated that tech people don\u2019t care about those types of things and that \u201cthey just want to build cool new things.\u201d If bitcoin dropped by 50% because of government enforcements, Samani claims tech people will continue to build and investors will \u201cinvest in tech crypto.\u201d<\/p>\n

\u201cIt\u2019s possible that crypto is still a few years too early from truly breaking into the mainstream,\u201d Samani noted<\/a> on Sunday. \u201cBut I think at this point, that no longer matters. The train has left the station: all of the tech builders and investors have underwritten tech crypto as having a meaningful probability of reshaping commerce, finance, and the fabric of society at large. And they are comfortable meeting on that and holding for years,\u201d the Multicoin Capital executive said.<\/p>\n

Samani insists that there is a vast amount of capital out there that \u201cwill never believe in BTC<\/a> because they don\u2019t believe in owning non-productive assets.\u201d The crypto advocate believes that if there is a bear market, he expects solana (SOL) and ethereum (ETH<\/a>) to outperform bitcoin (BTC<\/a>) significantly. \u201cThe tech money doesn\u2019t care about macro,\u201d Samani opined<\/a>. \u201cThey just want to be long [on] the stuff that they think is going to change the world.\u201d<\/p>\n

Samani Predicts \u2018Once Bitcoin Is Flipped, It\u2019s Pretty Much Game Over for Bitcoin\u2019<\/h2>\n

Because \u201ceveryone knows that software is eating the world,\u201d Samani predicts SOL and ETH<\/a> demand will rise. He highlighted that everyone wants to be a part of the \u201cnext big tech wave, and crypto is credibly one of those waves.\u201d The managing partner at Multicoin Capital further added that he believes \u201cBTC<\/a> will get flipped in the medium term.\u201d He thinks as a tidal wave of tech money comes into the crypto economy, that it will crowd out the macro money group of people. Samani added:<\/p>\n

Once BTC<\/a> is flipped, it\u2019s pretty much game over for BTC<\/a>. A large part of the value prop of BTC<\/a> is that it\u2019s the largest and most liquid. Once those stop being true, it has even less to offer. As people recognize that this is becoming true, a lot of the money in BTC<\/a> will rotate out and into SOL and ETH<\/a> and other more productive names.<\/p>\n

Following those statements, Samani surmised his theory by adding that the next bear market will not look like the last and stressed that the \u201cdecoupling is real.\u201d \u201cWhen BTC<\/a> gets flipped, things get *really* interesting,\u201d the Multicoin Capital executive concluded.<\/p>\n

What do you think about the Multicoin Capital executive Kyle Samani\u2019s opinions about the bear market and certain cryptos outperforming bitcoin? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Bitcoin, Bitcoin (BTC), building, crypto assets, crypto economy, Cryptocurrencies, Digital Assets, ETH, Ethereum, Ethereum (ETH), flipped, Kyle Samani, macro events, money crypto, Multicoin Capital, Opinion, productive, shared prediction, software eating the world, SOL, Solana (SOL), tech crypto<\/p>\n","protected":false},"excerpt":{"rendered":"

While the crypto economy has tumbled in value during the last two weeks, the managing partner at Multicoin Capital, Kyle Samani, recently shared his views on why he thinks the \u201cnext bear market will not be like the last one.\u201d In fact, Samani remarks that there may not even be \u201ca bear market at all.\u201d…<\/p>\n","protected":false},"author":0,"featured_media":15295,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15294"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15294"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15295"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}