James Check argues that Bitcoin has gone through three significant market cycles: adoption (2011-2018), adolescence (2018-2022), and maturity (2022-present). He states that focusing solely on historical halving cycles may cause investors to overlook critical current market signals, a factor influenced by institutional participation.
Check suggests that the existing market conditions are shaped more by institutional involvement and shifts in market structure than by traditional four-year halving patterns. This may lead to an extension of the current bull market phase beyond previous expectations.
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