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@ Liberty Farmer
2025-04-24 17:55:17
That clearly hasn't been the case, as the 3rd halving in a row has follows similar patterns. (We hit roughly 9x from the bottom).
However, even if that were true, then the halving being priced in means the halving and the supply shock does in fact still have effect.
Not only that, in the face of the current rwcession, no real retail, tech layoffs, contracting money, and massive global uncertainty, the price is still stable at roughly 40%-50% higher than the all time 2021 highs.
The forex price of a new global money/asset that only a few million people believe in, is sitting insanely pretty when all other markets and commodities like oil, steel, , fruits, ex gold are heading south.
The chart is clear on the cycle as well if you take away the silly Trump bump:
https://image.nostr.build/18b60a99731d9e598670fd63ccf22160b76e5daeb8a78d985ccbb3c28b9a5a26.jpg