Willy Woo: Bitcoin's historical "directionality" may determine price more than trends

Cryptocurrency analyst and Adaptive Capital digital asset partner Willy Woo said in an interview that in the long run, Bitcoin's valuation is safe, and its general direction will not change in the long run. The average price is one of the most effective indicators to predict the trend of Bitcoin. When asked about the current price cycle, Willy Woo believes that it is impossible to predict how long the bull market will last, but historically, these cycles will occur within four years. When asked about the price range for the next 9 to 12 months, Willy Woo said that based on past conditions, he thought that higher than $ 135,000 was reasonable. In addition, he also discussed the characteristics of Bitcoin as a transaction medium, and claimed that the market value of Bitcoin must rise in order to be considered as a transaction medium. According to Willy Woo, the current way to properly understand Bitcoin is to use it as a store of value. However, he added: "If Bitcoin wins and then becomes a new unit of account, then we will treat fiat currencies as volatile currencies, but it will take some time."