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Decred co-founder explains rationale behind Bitcoin bull and bear cycles

Published 11/27/2020, 01:12 PM
Updated 11/28/2020, 03:20 PM
Decred co-founder explains rationale behind Bitcoin bull and bear cycles

Since its launch approximately 12 years ago, Bitcoin (BTC) has seen a number of bull and bear cycles, each greater than the last. What drives these cycles, however? Decred co-founder Jake Yocom-Piatt has claimed that the answer lies within the human brain.

“Bitcoin’s bull and bear cycles are functions of generic human psychology, attention spans, and its deterministic and diminishing issuance,” Yocom-Piatt told Cointelegraph.

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