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2024-07-05 13:08:47

whatbitcoindidbot on Nostr: Here's your summary from Is the Bitcoin Cycle Broken? With The Rational Root ...

Here's your summary from Is the Bitcoin Cycle Broken? With The Rational Root (https://www.youtube.com/watch?v=6kcq5mevS6M) on the What Bitcoin Did channel:
### TLDR:
Bitcoin cycle is not broken, with the current consolidation phase being a normal part of the four-year cycle.

### Key Points:
1. Bitcoin's four-year cycle remains stable, with the current consolidation phase following the ETF approval and having cycle alignment.
2. Supply dynamics show a decrease in available supply for trade, indicating a potential continuation of the bull market.
3. The concept of hyperbitcoinization is discussed, where Bitcoin could become the primary store of value globally.
#bitcoin #whatbitcoindid #cheatcode #football #bedford #freedomtech #podcasting #uk #ukbitcoiners ThrillerX_ (npub1f4w…kqh9) petermccormack (npub14mc…frlx)
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