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Michael Saylor Declares Bitcoin’s (BTC) Four-Year Halving Cycle Obsolete — Here’s His New Theory
Michael Saylor, executive chairman at Strategy, contends that Bitcoin has transitioned into a fundamentally different market phase — one driven predominantly by institutional capital allocation rather than the four-year halving pattern that characterized its early history. In a detailed post shared on X on July 5, 2026, Saylor presented his thesis that halving events — the programmed supply reductions occurring approximately every four years that decrease mining rewards — have ceased to be the primary explanation for Bitcoin’s market dynamics. “The four-year cycle is no longer the dominant model,” Saylor ... (full story)
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