Brian Vickery on Nostr: Many will be aware that Bitcoin follows a four year cycle. 18 months or so of ...
Many will be aware that Bitcoin follows a four year cycle.
18 months or so of "Bitcoin is dead"
12 months or so of quiet accumulation and then 18 months or so of "Bitcoin to the moon" This hype tends to follow the "Bitcoin halving" which happened last Friday
I have been pondering the last Bitcoin hype cycle when at the same stage four years ago governments printed up $billions for Covid relief. I wondered if they would supply a similar boost for this hype cycle.
Maybe a small start but we perhaps have an answer?
War spending.
https://www.reuters.com/world/us/us-house-vote-long-awaited-95-billion-ukraine-israel-aid-package-2024-04-20/
18 months or so of "Bitcoin is dead"
12 months or so of quiet accumulation and then 18 months or so of "Bitcoin to the moon" This hype tends to follow the "Bitcoin halving" which happened last Friday
I have been pondering the last Bitcoin hype cycle when at the same stage four years ago governments printed up $billions for Covid relief. I wondered if they would supply a similar boost for this hype cycle.
Maybe a small start but we perhaps have an answer?
War spending.
https://www.reuters.com/world/us/us-house-vote-long-awaited-95-billion-ukraine-israel-aid-package-2024-04-20/