Ben Cowen: The Bitcoin-Only Cycle

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Ben Cowen says “this has been kind of a Bitcoin maxi cycle.” “Ethereum can control what goes on on Ethereum, but it cannot control the macro economy.” Unlike 2021’s euphoria, “Bitcoin topped on apathy… just like 2019,” two months before quantitative tightening ended. Cowen believes Ethereum will have its time again, but “not in a durable fashion in the first half of 2026.” #Ethereum #Crypto #Markets #Bitcoin #Macro