Bitcoin’s price is well known for its four-year price cycles, which coincide with its “halving” schedule that reduces its inflation rate every four years.
But is one phenomenon truly related to the other? Some analysts believe that the asset’s cyclical movements are related to macro conditions. and that the halving schedule’s congruency is pure coincidence.
The Importance of Liquidity
According to crypto trading analyst TXMC, the location of the Bitcoin halving is a “wildly convenient coincidence” that happens to align with other macroeconomic factors that affect Bitcoin’s price. These include “interest rate oscillations, annualized equity returns, and manufacturing PMIs.”
This is the correct halving take IMO. Just look at interest rate oscillations, annualized equity returns, and Manufacturing PMIs next to Bitcoin cycles and it becomes plain as day.
The location of the halving is a wildly convenient coincidence.
Charts:https://t.co/xHpLXvH6Yu https://t.co/XLk5ynrRM
We współpracy z: https://cryptopotato.com/is-bitcoins-4-year-cycle-pure-coincidence-analysis/
