The crypto market appears stable, as Lyn Alden indicates that a drastic crash is not on the horizon. According to her, the current crypto market does not show signs of reaching “euphoric levels,” suggesting a reduced risk of a severe downturn.

In a recent episode of the What Bitcoin Did podcast, Alden stated, “We haven’t hit euphoric levels in this cycle; therefore, there is less of a reason to expect a kind of major capitulation.”

She elaborated, saying that the current market movements are more influenced by broader economic factors rather than the expected halving cycle.

This perspective aligns with comments from other industry figures, notably Bitwise chief Matt Hougan, who voiced that the four-year cycle model may no longer apply, hinting at a prolonged period of market stability.

However, not all experts share Alden’s optimism; Vineet Budki of Sigma Capital posits that Bitcoin may retrace by 65% to 70% in the coming two years.

Illustrating a common market sentiment, many traders were anticipating a late-year surge, with figures like Arthur Hayes predicting the potential to reach $250,000.

Alden cautions investors against unrealistic expectations, stating, “No one is owed a bull market.” She predicts that Bitcoin might regain the $100,000 mark by 2026.

Lyn Alden on the What Bitcoin Did Podcast
Lyn Alden spoke to Danny Knowles on the What Bitcoin Did podcast. Source: What Bitcoin Did

Bitcoin Market Trend
Bitcoin has seen a decline of 22.46% over the past month. Source: CoinMarketCap

In conclusion, Alden maintains that market fluctuations often tend to balance themselves rather than veering to extremes, reiterating, “It’s usually not as good as people expect and it’s usually not as bad as people expect.”