menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Bitcoin May Shift To A Super Cycle, Breaking The Crypto Market Norm

4 1
28.10.2024

Bitcoin's super cycle

The cryptocurrency world is witnessing a seismic shift as bitcoin, the pioneer in digital assets, appears to be breaking free from its long-established four-year cycle in favor of a so-called “super cycle.” This departure from the norm is not just relevant—it's potentially revolutionary.

Traditionally, bitcoin's price movements have been closely tied to its halving events, creating a predictable pattern that investors have come to rely on. Recent developments, however, suggest that we're entering uncharted territory. In late 2023, bitcoin's price trajectory took an unexpected turn, surging from the $20,000 range to over $30,000. What's remarkable is the timing—this bullish momentum coincided with anticipation of bitcoin ETF approvals, rather than the approaching halving........

© Forbes


Get it on Google Play