Bitcoin [BTC] has traversed approximately four cycles, with each successive cycle heralding a fresh all-time high in prices.
From its early days of facilitating pizza transactions to being endorsed by multinational investment firms through spot BTC ETFs, the crypto community has experienced a remarkable journey over the past decade and beyond.
Bull runs tend to occur every three to four years, and it appears we are on the brink of another one, likely already underway. But what drives these cycles, and can they be reliably foreseen?
The straightforward response may not encompass the entirety of the truth.
Enthusiastic crypto enthusiasts might promptly assert that the Bitcoin halving cycle operates on a four-year schedule.
This cycle involves adjustments to mining difficulty and block time, resulting in halving mining rewards approximately every four years.
Understanding the four-year cycle hinges on recognizing liquidity as a crucial component.