This Bitcoin cycle, like the others??, was different??
The ghost of the supercycle appears every time a bull market is reaching its peak. "This time is different" is heard at conferences, read in forums. "Never before has such a person or such a company backed Bitcoin, bought so much BTC." And people even start to doubt. Is it possible that this time it really is different?
Of course, it's different. It’s always different. Bitcoin is an asset in the process of monetization, in the process of price discovery. There will always be new players entering the market, there will always be a new cohort of holders, simply because the understanding of Bitcoin is increasingly penetrating more minds across all strata of society.
In all cycles, we have had significant new players entering Bitcoin. In 2011 it was WikiLeaks, which was so important that it even scared Satoshi himself. In 2014 Microsoft accepted payments with BTC. In 2017 it was the Chicago Mercantile Exchange launching Bitcoin futures. In 2021 it was Tesla, MicroStrategy, and El Salvador. In this cycle, it was BlackRock and the rest of the ETFs, Donald Trump, and the Bitcoin Treasurers.
This time, just like all the others, was different. In this cycle, Bitcoin was incorporated into the U.S. economy.
Bitcoin has always grown in four-year cycles, marked by halvings. No matter how many new players with deeper pockets enter, it seems that these cycles are inherent to the essence of Bitcoin.
Moreover, despite Bitcoin seeking to be an opt-out from the fiat economy, it is still just a drop in an ocean determined by the intervention and manipulation of the global market by central banks. This means that Bitcoin investors are still affected by market cycles produced by the macroeconomic decisions of the elite of the fiat economy.
