Dumi 1982

The crypto universe is once again bursting with activities and happenings. The Bitcoin, which is the still the most important player among digital assets, is at a crucial, very present time just after the fourth halving event. In case you do not know what halving is, it is actually the cutting off of half the rewards given to miners for transaction validations. This process lowers the available Bitcoin and, in a way, the new one that is being added to the circulation is becoming less and less. These events have historically been very strong catalysts and the price increase has often taken parabolic shapes. But, is this the case for the present one? Or, have we just witnessed another reliable plot point in the whole drama of Bitcoin saga?
The Echoes of Halvings Past: A Familiar Rhythm?
The first three halvings made a quite an impressive story: the cut in supply was perfectly offset by the sustained demand and thus the price went up. The cycle thus saw Bitcoin erasing several zeros, reaching new all-time highs and thereby solidifying its roots deeper in the world of finance. This predictable rhythm has laid the ground for the "stock-to-flow" model and numerous bullish forecasts.
However, the current situation is not easy at all to understand. To the one hand, the adoption of the technology by the big players, which was thought of as a far-fetched dream, is becoming a reality with the introduction of spot Bitcoin ETFs. There are geopolitical tensions in all corners of the earth, inflation is a widespread that many parts of the world are suffering from and the prospect of interest rate hikes is certainly discouraging. It might be that the combined effect of these forces turns out to be opposite to the intended one i.e. the shock created by the halving is being supported by the supply shock.
Beyond the Halving Hype: A Multi-faceted Future
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