Outlier Ventures Research Director: The four-year cycle of Bitcoin has failed, and halving no longer has a decisive impact on the price
ChainCatcher news, according to The Block, Jasper De Maere, research director at the Web3 accelerator Outlier Ventures, stated in a report that investors should accept the fact that "the four-year cycle model no longer exists," as Bitcoin has recorded its worst price performance following a halving this year.Jasper De Maere stated: "Halving no longer has a decisive impact on the price of BTC and other digital assets. As the digital asset market matures, it is time for founders and investors to move away from the concept of the four-year cycle. The last time halving had a significant, fundamental impact on Bitcoin's price was in 2016. Since then, in the context of an increasingly mature and diversified cryptocurrency market, the block subsidy rewards for Bitcoin miners have become negligible."