Bitcoin’s current halving is the same as before
Although the market has changed, Bitcoin’s core qualities remain the same, such as:
• Still a 24/7 asset. While the United States, and specifically its ETFs, does account for a large amount of crypto trading, Bitcoin remains a globally accessible asset that can be traded around the clock. This availability means a lot of money is still coming from other parts of the world. Market participants around the world have become accustomed to and predict the rhythm of the 4-year cycle, and they may overcome the trends and flows observed from U.S. ETFs.
• Still a store of value: Bitcoin’s story as a store of value is more compelling than ever. For example, Japan recently raised interest rates for the first time since 2007 due to record inflation levels, but in the same week, the government announced that they were considering incorporating Bitcoin into their pension fund—one of the largest in the world. . Events like this show that people are seriously considering Bitcoin as a store of value and indicate that more and more investors continue to favor long-term holdings.
• Every cycle is different (or so they say): Every time, people say, this time is different. In 2021, NFTs and Tesla’s bid for Bitcoin prompted this; now it’s ETFs and the shift left cycle. But human psychology is constant.
Despite the new dynamics, the core of Bitcoin remains: it has always functioned, gained global prominence as a store of wealth, and the novelty of each cycle elicits familiar reactions, thus keeping its fundamental role intact .
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