Bitcoin operates in 4-year cycles, heavily influenced by halving events. The next halving is expected in April 2024, and historically, new price peaks appear about 480 days post-halving. These patterns highlight the cyclical nature of Bitcoin pricing.
Current macroeconomic factors, including economic growth, low unemployment, and HIGH wage inflation, create an ideal environment for Bitcoin. These conditions, despite stable interest rates, contribute to a supportive financial backdrop, enhancing Bitcoin’s appeal as an investment.
Dan Morehead asserts that the substantial US $2 trillion budget deficit may push investors toward Bitcoin as a safe haven. As concerns about fiscal policy grow, Bitcoin’s potential as a stable asset increases, reinforcing its attractiveness for preserving wealth.