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Bitcoin’s four-year cycle: What could it mean for the future?
American writer Mark Twain is thought to have said: “History doesn’t repeat itself, but it often rhymes.” Each of Bitcoin’s biggest bull markets has kicked off within a year of one event: the halving. These technical network events happen roughly every four years and halve the block reward given to Bitcoin miners, effectively reducing bitcoin’s inflation rate by 50%. Moreover, they are thought to be the critical catalyst behind the four-year cycle, which has played out repeatedly over bitcoin’s lifetime. Is the four-year cycle a self-fulfilling prophecy? Aside from historical similarities with previous ... (full story)