Bitcoin’s recent market behavior has sparked debate about whether the traditional four-year halving cycle is 0 to Dr. Ross, the idea that Bitcoin’s price is strictly tied to halvings is misleading. Instead, he argues that liquidity is the biggest driver of Bitcoin’s price , as the asset absorbs excess money supply just like other major asset 1 compares fiat, gold, and Bitcoin: fiat loses value over time, gold holds value, but Bitcoin is unique as an appreciating store of 2 expects Bitcoin to remain volatile for years, only calming when its market cap approaches gold’s $20 trillion 3 then, volatility will continue to fuel opportunities for large 4 explain Bitcoin’s price action, Ross uses his “three-burner theory.” The first burner is liquidity, which has been strong since 5 second is the US economy—currently lagging due to weak manufacturing, though services are 6 believes once economic data catches up, it will ignite Bitcoin’s next major upward 7 third burner is speculation: as confidence grows, leverage and risk-taking spread, often lifting Bitcoin and altcoins in another 8 his view, the recent slow market reflects delayed growth rather than 9 the economy stabilizes under clearer policies, Ross expects Bitcoin’s second and third burners to switch on, pushing prices higher in a new cycle.
Story Tags

Latest news and analysis from Coinpaprika



