I remember when bitcoin started to drop at the end of 2021, which means bitcoin is still in a 4-year cycle, and after the price reaches its ATH, it will begin to drop. The price drop happened before the war and then the inflation, the crisis...I think without these events we wouldn't be able to expect a bull season to come to us anytime soon, we still have to go through the same 4-year cycle as in the past. I'm wondering if the end of the war and the economic recovery before 2024 mean that before the halving happens, bitcoin will rise and create a new ATH?
Probably. But if the global economy takes longer to recover, don't count on BTC reaching a new ATH in price anytime soon. The war needs to end first before we can talk about bringing back the economy to its former glory. A Ukrainian victory would certainly put an end to all of this mess. But if Russia wins, things will only get worse as it will escalate to other countries such as Poland, Finland, and Georgia. I don't think the EU will even manage to switch towards alternative energy sources, when it was so reliant on Russian energy exports. If somehow they manage to achieve this, then we'll be one step closer towards heading back to normal. The US would need to ramp up oil production and cut off fossil fuels to help lower costs for good.
We'll see how Bitcoin will fare during a long-lasting economic crisis. It'll be a "miracle" if it goes all the way to the moon at a time when there's global uncertainty. It happened during the initial years of the COVID-19 pandemic (2020-2021), so maybe 2024 will be BTC's luckiest year after all? Just my thoughts
