BTC is destined for growth in the long term

One of the most recognizable figures associated with cryptocurrencies has given his views on the future of bitcoin. Phil Konecny, in his posts on social media platform X, has highlighted several important factors that he believes could affect the long-term growth of this most popular cryptocurrency.
His current predictions are in stark contrast to the investment moves of Rafal Zaorski, who decided to play bitcoin short. Phil Konecny refers to shorting digital gold during the upswing, pointing to a kind of "deterioration symptoms."

Bitcoin is destined for long-term success

Phil Konecny, in a short post on Platform X, outlined bitcoin's long-term potential to eventually take the digital asset to new, higher levels. The author of several extensive analyses of the cryptocurrency market pointed out the key factors in his prediction. Necessary notes that two halving events will occur in the next 10 years, which have historically had a significant impact on bitcoin's price performance.
However, halving is not the only factor affecting the bitcoin price. Necessary also noted that in the next decade, approximately 3 billion people will have access to the Internet. The growth in the number of users of the web could significantly increase interest in bitcoin as a form of investment or payment. This could be a good foundation for its continued growth.
Necessary also points out other potential reasons for the price of the flagship cryptocurrency to rise. New generations entering adulthood or the transfer of wealth to younger generations are other factors that could trigger a global rise in interest in digital assets. It is also worth noting an observation about the future of fiat money Necessary believes that the declining purchasing power of traditional currencies could prompt people to seek alternative forms of storing valuables, and bitcoin could be one of them.

Shorting bitcoin now makes no sense

Rafal Zaorski decided to go against the generally accepted paradigms in the cryptocurrency market. The speculator believes that we can expect a significant decline in the value of bitcoin in the near future. The country's most popular speculator suggests that the price of digital gold could fall by as much as $40,000. Is such a drop of nearly 40% realistic, given that the key event for bitcoin has been cut in half? Phil Konecny, of course, has a different opinion on the matter.
The founder of the Crypto Institute, responding to a question from a user, expressed his stance on shorting bitcoin during periods of uptrends. In his opinion, such an action is not only extremely risky, but can also be considered a symptom of a lack of understanding of market dynamics. In Konetsky's opinion, shorting bitcoin when its cyclicality indicates an uptrend is comparable to "handicapping." Statistics, in his opinion, clearly show the failure of such a strategy.

"Shorting BTC during an uptrend indicated by cyclicality is a symptom of handicapping. The statistics point to losing. It's like playing long in a bull market hoping to get in when there is a rebound after a fall."

One user decided to ask Phil Konieczny about the odds of success of the position Zaorski opened. Konecny, who is familiar with market dynamics, noted that there are times during the bull market phase when bitcoin also experiences downturns. However, if we approach the issue from a statistical point of view, playing short doesn't make sense, the creator concluded.
"After halving, we often have a respite in the form of a possible sideways period of 30-60 days, so there is a chance. However, statistics suggest that in a bull market, it is not worthwhile to short BTC." Nevertheless, when Rafal plays with other people's money, he does it better than with his own, so there is a chance."