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 major 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.
3AC co-founder excited: Will BTC rise to the top?
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.
Here we go. 4 year cycling. Predicable as always. The Supercycle.
— Kyle Davies 🐂 (@KyleLDavies) December 12, 2023
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.
