A significant development in the world of cryptocurrency is underway with Bitcoin's four-year cycle theory being reevaluated. Michael Saylor, a well-known figure in the industry, has proposed that this traditional approach may no longer be applicable.
According to Saylor, price movements are now primarily driven by capital flows rather than halving events. This shift could have a profound impact on investors' timing and strategies as they adjust to the new dynamics of the market.
The increasing institutionalization of Bitcoin is also being cited as a contributing factor to this change. Corporate treasuries now control over 8.5% of circulating supply, which means these entities are unlikely to trade frequently, potentially reducing market volatility and altering traditional investment strategies.