Bitcoin: Hyperbitcoinization Rises, Is the 4-Year Cycle Still Strong?

Bitcoin has become the focal point of discussion on Reddit over the weekend, as investors debated the existence of the 4-year cycle. The question was raised: Is the traditional halving cycle still a predictive factor for the value of Bitcoin?

Hyperbitcoinization: A New Era? On Reddit, a Redditor hypothesized that the demand for Bitcoin is skyrocketing thanks to major institutions such as ETFs, MicroStrategy, private companies, and even governments. This growth is far surpassing the rate of new Bitcoin issuance, making the impact of halving gradually fade. This topic has attracted a series of comments, of which the most enthusiastically supported answer is: 'The cycle has been destroyed, hyperbitcoinization is taking place.' Hyperbitcoinization is a concept in the field of cryptocurrency, describing a scenario where Bitcoin becomes the medium of exchange, store of value, and unit of account, completely replacing all types of traditional fiat currencies. Changes from Large Organizations Bitcoin has followed cycles in the periods of 2012-2013, 2016-2017, 2020-2021, and 2023-2024, when each halving event caused a sharp increase in Bitcoin price before plummeting 75%-80% in bear markets. However, this time, the money from financial institutions and countries such as El Salvador or Bhutan is changing the landscape. Even Senator Cynthia Lummis proposed that the US should establish a strategic Bitcoin reserve. With a victory in the 2024 election, Donald Trump could be the one to kickstart this turning point.

The New Future of Bitcoin The assumption of a 'super cycle' is increasingly believed: Bitcoin may never decline 75%-80% as before, and prices below 6 digits will become a thing of the past. As a Redditor commented, 'Money from organizations and countries will completely change the market balance.' Whether Bitcoin is really entering a super cycle or not, only time will tell. However, Bitcoin enthusiasts are excited to see what the next chapter will bring in terms of surprises. DYOR! #BtcNewHolder #Write&Earn $BTC {spot}(BTCUSDT)