Bankless The State of the Charts with Benjamin Cowen
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Nov 17, 2021 
Benjamin Cowen, a charting expert and YouTuber known for his analytical skills, dives into the current state of the cryptocurrency market. He discusses the significance of Bitcoin's dominance and explores concepts like market cycles and the potential for a 'super cycle.' Cowen shares insights on navigating the crypto landscape, emphasizing the importance of recognizing both bull and bear markets. He also touches on Ethereum's ambition to surpass Bitcoin and the unpredictable nature of investment returns, offering valuable advice for crypto enthusiasts.
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Lengthening Cycles
- Bitcoin market cycles lengthen over time due to increased speculation and capital inflow.
- This suggests that predicting short-term price movements is less reliable than observing long-term trends.
Total Market Cap
- Total crypto market cap shows overall market health and potential, not just Bitcoin.
- Consider total market cap alongside Bitcoin's price for a broader perspective.
Supercycle Theory
- The "supercycle" theory, where prices consistently rise, is wishful thinking.
- Expect future bear markets even with lengthening cycles and fundamental improvements.