It appears there are still people who have not understood what is the definition of a market bubble and also arguing that because bitcoin has reached some acceptance from the government then it will not die. I am sorry, however, on a very long time horizon our society including bitcoin might not exist and it might be studied as another bubble the other definition, similar to the South Sea bubble on 1720.

It is very headshaking that humans are very arrogant and have forgotten the realities of life. In any case, the definition of bubble I am using is a market bubble only where they form on bull markers causing prices to be unsustainable. But according to this article it might not occur this year.



Bitcoin price has long followed a familiar rhythm: every four years, a halving slashes the new supply of coins, setting off a bull run. Then, when the price gets too frothy and sentiment a pinch too euphoric, traders take profit and the price nosedives into a bear market.

That playbook is now dead, according to Matt Hougan, chief investment officer at Bitwise.

“The forces that have created prior four-year cycles are weaker,” Hougan said on X on Friday. “The halving is half as important every four years, the interest rate cycle is positive for crypto, and blow-up risk has attenuated.”

For Hougan, the structural forces behind Bitcoin’s classic boom-and-bust cycles — like the halving’s impact on supply — are weakening. Meanwhile, a new macro and regulatory environment is working in Bitcoin’s favour.

Read in full https://www.dlnews.com/articles/markets/experts-explain-how-bitcoin-price-cycle-is-changing/