Скачать или смотреть MICHAEL SAYLOR: "THE BITCOIN 4-YEAR CYCLE IS DEAD"

The narrative around Bitcoin's predictable four-year cycle, rooted in the halving event, faces a massive challenge. Market observers have signaled its demise, and now a compelling case is made for why the old pattern no longer dictates the market. The argument pivots: the impact of the next halving, equating to a mere $20 million daily supply change, is dwarfed by the tens of billions in liquidity flowing daily. The true engines for the asset's massive price discovery are revealed to be structural shifts: the extension of billions in credit by the banking sector and regulatory adjustments that have supercharged demand via derivatives markets. This analysis suggests a permanent shift, making the old cycle discussion a historical footnote compared to the embrace by traditional finance.
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