Bitcoin's Four-Year Cycles Are Over, Pierre Rochard Says
Main Idea
Pierre Rochard argues that Bitcoin's traditional four-year market cycles are now over, as halving events no longer significantly impact the market due to 95% of Bitcoin's supply already being mined.
Key Points
1. Bitcoin's four-year market cycles are officially over, according to Pierre Rochard, CEO of The Bitcoin Bond Company.
2. Halving events are now irrelevant because 95% of Bitcoin's supply has already been mined, reducing their impact on the market.
3. Daily issuance of new Bitcoin does not significantly affect the existing trading float.
4. Exchange-traded funds (ETFs) and corporate treasuries are now the primary drivers of Bitcoin price increases.
Description
You should probably forget about Bitcoin's traditional four-year cycles
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