I've been hearing a lot about
Bitcoin and its potential cycles. I'm curious if there's any truth to the idea that Bitcoin follows a 4-year cycle. Could someone explain this concept to me and whether it holds any validity in the cryptocurrency world?
5 answers
SolitudePulse
Sun Dec 01 2024
This cycle is partly driven by the scheduled halving events, which occur every four years.
SakuraBloom
Sun Dec 01 2024
Bitcoin's four-year cycle is a significant phenomenon in the cryptocurrency world.
Raffaele
Sat Nov 30 2024
During these events, the block reward that miners receive is reduced by 50%.
CryptoAlchemy
Sat Nov 30 2024
As a result, the supply of new Bitcoin entering the market decreases significantly.
Valentina
Sat Nov 30 2024
This reduction in supply often leads to supply-demand pressures within the market.