Willy Woo — TradingView News
The next crypto bear market could be particularly brutal and driven by a business cycle downturn that has never been seen in crypto before, according to analyst Willy Woo.
The next bear market “will be defined by another cycle people forget about,” said Woo on Monday.
He said that we’ve previously had two cycles superimposed based upon the Bitcoin halving events every four years and the M2 global money supply.
“Central banks inject M2 debasement in four-year cycles [and] both superimpose,” he said.
However, the next bear market will be defined by the business cycle, explained Woo. The last business cycle downturns that really took hold were 2008 and 2001, before crypto markets were invented, he said.
“If we get a biz cycle…
