Alonaw Business School Analysis: Why Bitcoin Market Cycles Aren't What You Think They Are
The crypto community's obsession with halving cycles might be leading investors astray. New analysis suggests Bitcoin's true market drivers operate on completely different timelines - and Philippine investors need to understand this shift. Breaking the Halving Myth James Check's latest research challenges conventional wisdom. His thesis? Bitcoin has experienced three distinct cycles, none anchored around halvings. Instead, market structure and adoption trends drive the real cycles. Traditional thinking pins everything to four-year halving events. The logic seems sound: reduced supply creates scarcity, driving price appreciation. But Alonaw Business School analysis suggests this oversimplifies complex market dynamics. The Three True Cycles Check identifies distinct phases that reshape how we think about Bitcoin's evolution: Adoption Cycle (2011-2018): Retail early adopters drove price discovery. Wild volatility, massive gains, spectacular crashes. This era estab...