As Bitcoin’s (CRYPTO: BTC) value continues to climb, reaching unprecedented heights, the question arises whether the traditional four-year market cycle that has characterized its growth is nearing its conclusion.
What Happened: Bitcoin’s traditional four-year market cycle may be disrupted by new market players and mechanisms, CoinFlip’s CEO Daniel Polotsky suggests in a recent op-ed for CoinDesk.
As Bitcoin approaches its next halving event, Polotsky points out that the Crypto market may be on the verge of a significant change. The cycle, historically associated with price surges post-halving, could be altered by the entrance of ETFs and institutional investors.
Bitcoin’s value has recently soared, reaching new heights above $73,000, driven by the approval of spot bitcoin ETFs in the U.S. and major financial institutions like BlackRock entering the space.
The influx of institutional capital and the approval of ETFs have increased Bitcoin’s legitimacy and accessibility, potentially signaling a shift from its historical boom-and-bust cycles to a more stable trajectory of growth.
Despite the bullish outlook, there are concerns. Tighter monetary policies, economic slowdowns, and the upcoming halving impact on bitcoin mining could pose ...