Q4 Will Decide If The 4-Year Bitcoin Cycle Is Dead: Analyst
Bitcoin reached a new all-time high of over $124,000, prompting speculation about the future of its four-year halving cycle. Joe Consorti highlighted that the upcoming fourth quarter will be crucial in determining if this cycle still influences Bitcoin's price or if a new market regime has emerged, driven by traditional finance capital. The current bull market has lasted 21 months, raising questions about the relevance of the four-year cycle. Institutional adoption, exemplified by significant purchases from entities like Harvard's endowment, indicates a shift in the buyer base towards long-term holders. This change may lead to reduced volatility and a more gradual price increase. The fourth quarter could reveal whether the four-year cycle is still valid, influenced by easing financial conditions and renewed institutional interest. Bitcoin's price at press time was $119,068.
