Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto: Bitcoin’s four-year cycle still exists but is now driven by politics, The Securities and Exchange Commission (SEC) publishes crypto custody bulletin for investors. Meanwhile, Itaú Asset has recommended that investors hold 1% to 3% of their portfolios in Bitcoin next year.
Bitcoin’s long-debated four-year cycle is still playing out, but the forces behind it have shifted away from the halving toward politics and liquidity, according to Markus Thielen, head of research at 10x Research.
Speaking on The Wolf Of All Streets Podcast, Thielen argued that the idea of the four-year cycle being “broken” misses the point. In his view, the cycle remains intact, but it is no longer dictated by Bitcoin (BTC)’s programmed supply cuts. Instead, it is increasingly shaped by US election timelines, central bank policy and the flow of capital into risk assets.
