A Stanford MBA has explained why the current Bitcoin cycle was different from the others, and why the next one could end up being bigger.
This Bitcoin Cycle Faced Obstacles That May Not Be There Next Time
A “cycle” for Bitcoin refers to the period between two consecutive halvings. The halvings, events where the rewards miners receive for solving blocks on the network are permanently slashed in half, are chosen as the start and end points for the cycles due to the immense significance they hold for the cryptocurrency.
The rewards miners earn are essentially the only way new supply can be introduced into circulation, so since halvings cut these in half, the production rate of the asset itself gets tightened.
Because of basic supply-demand dynamics, Bitcoin’s post-halving scarcity increases the asset’s valuation. It’s not a coincidence that the bull markets have always followed these special events.
The halvings occur roughly every four years, with the next one being scheduled f
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