Bitcoin Is Now Tied To A 2-Year Cycle, Warns Investment Firm CIO
Bitcoin’s well-known four-year halving rhythm is giving solution to a shorter, ETF-driven efficiency clock, argues ProCap Chief Investment Officer (CIO) Jeff Park in a brand new Substack essay. In his view, the dominant drive in Bitcoin’s boom-bust dynamics is shifting “from mining economics to fund-manager economics,” with a brand new “two-year cycle” anchored in ETF…
