Pierre Rochard, the CEO of The Bitcoin Bond Company, has stated his belief that the traditional four-year market cycles for Bitcoin are a thing of the past. This sentiment is shared by other prominent figures in the crypto space, including CryptoQuant CEO Ki Young Ju. Rochard argues that the historical drivers of these cycles, particularly the halving events, no longer have a significant impact on the market due to the vast majority of Bitcoin's supply already being mined.
<h2>Halving's Diminishing Impact</h2>
[embed]https://twitter.com/BitcoinPierre/status/1954712471228555553[/embed]

With approximately 95% of the total <a href="https://www.cryptoknowmics.com/news/peter-brandt-gold-in-a-long-term-bear-trend-against-bitcoin/">Bitcoin</a> supply already in circulation, Rochard contends that the daily issuance of new coins from mining has become a negligible factor. Unlike in previous cycles where the halving event drastically reduced new supply and spurred price rallies, the current market is not as sensitive to these changes. He further notes that the primary source of new coins being sold is now from "O.G. whales" rather than miners, making the price more susceptible to the personal decisions of these large holders.
<h3>Shift in Demand: From Retail to Institutional</h3>
Another key factor in the changing market dynamics, according to Rochard, is the shift in demand. The market is no longer dominated by speculative retail traders. Instead, demand is now primarily driven by institutional investors, such as those behind Bitcoin exchange-traded funds (ETFs) and corporate treasuries. This institutional-led demand creates a more mature and less cyclical market, moving away from the predictable four-year patterns of the past.

Pierre Rochard Declares Bitcoin's Four-Year Cycles Are Over

The Bitcoin Bond Company CEO Pierre Rochard argues that Bitcoin's four-year cycles are obsolete due to halving's diminished impact and institutional demand.

Pierre Rochard Declares Bitcoin's Four-Year Cycles Are Over

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