BTC Comment from 3AC Co-Founder: Super Cycle Has Started!
Kyle Davies, one of the founding partners of Three Arrows Capital (3AC), claimed that #Bitcoin (BTC) has entered the long-awaited super cycle.
While the cryptocurrency market continues its progress with bullish expectations, comments continue to come from important names in the industry. The co-founder of 3AC, which carried out great activities in the last bull cycle, but went bankrupt and was sued due to the Luna crisis, has come to light. Commenting after a long time, 3AC co-founder Kyle Davies claimed that #BTC has entered the super cycle, which is the final phase in its four-year cyclical progression.
Kyle Davies, co-founder of Three Arrows Capital (3AC), who has been in the crypto industry for many years, shared a post that excited crypto investors.
Addressing his followers on the X platform, Davies claimed that #BTC was in the super cycle phase, which is the last of the four-year cycle. Davies said: “Here we go. 4 year cycle. Predictable as always. Supercycle.” said.
The four-year BTC cycle is known as follows;
1- The end of the bull market and the year of retreat
2- Bear market year
3- Year of breaking out from the bottom
4- The year the bull market started
Davies, who pointed out that the bull market has begun in the four-year cycle, received intense criticism from his followers. The fact that 3AC company went bankrupt a few years ago and wiped out millions of dollars from the market has reduced confidence in Davies.
Comments on Davies' X post included accusations of theft and posting leveraged transactions. One X user called Davies: “The guy who melted down the hedge fund and caused tens of billions of dollars in damage.” said.
The 3AC co-founder said, "It's as predictable as ever" when talking about the super cycle, which brought to mind the question of why #3AC went bankrupt at the time. Crypto hedge fund 3AC went bankrupt after liquidating a large asset in leveraged transactions, putting the crypto industry in a difficult situation.
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