Core Insights - Bitcoin demonstrated resilience during the recent market volatility, bending but not breaking, unlike many other cryptocurrencies [1] - There is a growing belief among investors that Bitcoin may not experience severe declines linked to its historical four-year halving cycle [2] Market Dynamics - Arthur Hayes, former CEO of BitMEX, argues that the traditional narrative of Bitcoin's volatility and cyclical crashes is diminishing [3] - Hayes suggests that the influence of global liquidity on supply and demand is becoming more significant than the historical price cycles associated with Bitcoin's halving events [4] Economic Factors - The Federal Reserve's increasing tolerance for inflation above its 2% target could lead to a faster growth rate of the money supply, potentially benefiting Bitcoin as an inflation hedge [5] - Institutional investment in Bitcoin is growing, with the largest U.S. spot Bitcoin ETF nearing $93 billion in net assets, indicating a shift towards mainstream acceptance and demand [6] Future Outlook - A prominent investor posits that cyclical declines in Bitcoin's price may be less likely to recur due to these evolving market dynamics [7]

🎭 A Historic Launch, but Uncertain FutureDOJE proves that meme coins can enter regulated structures, but that scale or sustained inflows aren’t guaranteed. Still, the launch represents a milestone for meme coin institutionalization. After all, Dogecoin's identity is tied to meme culture and social media rather than fundamental use cases.Some upcoming catalysts to keep an eye on include potential new ETF approvals and sustained inflow patterns.5/6 ...