Leon Wankum: Bitcoin price gains require bear phases for greater resilience

Leon Wankum: Bitcoin price gains require bear phases for greater resilience
Bitcoin needs bear phases for resilience

Leon Wankum, bitcoin writer, crypto commentator and educator and real estate investor (crypto strategy for real estate), discusses the recent rise in bitcoin price and explains why periods of decline—so-called bear phases—are necessary for strengthening the network.

He also notes that tools from the Austrian School of Economics can help better understand bitcoin price movements.

Wankum has previously previewed his book Digital Real Estate, where he explored bitcoin through the real estate lens with an emphasis on scarcity in a prior article. He has also warned that persistent inflation can distort markets, weaken debt structures, reduce trust in money, and contribute to asset inflation in an earlier piece. These writings provide additional context to his recent commentary on bitcoin's price cycles and underlying economic theory.

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