According to BlockBeats, on September 4, according to The Block, Jasper De Maere, head of research at Web3 accelerator Outlier Ventures, said in a report that investors should accept the fact that “the four-year cycle model no longer exists” and that Bitcoin has experienced its worst price performance since the halving this year.
Jasper De Maere said: “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 get rid of the concept of a four-year cycle. 2016 was the last time that the reduction had a major and fundamental impact on the price of Bitcoin. Since then, the block subsidy rewards for Bitcoin miners have become insignificant against the backdrop of the increasingly mature and diversified cryptocurrency market.”
