# Decred co-founder explains rationale behind Bitcoin bull and bear cycles
“# Decred co-founder explains rationale behind Bitcoin bull and bear cycles ” Since its launch approximately 12 years ago, Bitcoin (BTC) has seen a number of bull and bear cycles, each greater than the last. What drives these cycles, however? Decred co-founder Jake Yocom-Piatt claims that the answer lies within the human brain. “Bitcoin’s bull…