Halving does not condition the price of Bitcoin, the price of Bitcoin conditions it:
- Global liquidity
- Global M2 money supply
- Adoption
All three feed back on each other
However, it is the global M2 money supply that sets the pace.
Discussion
Look at the daily chart to see who is setting the pace.
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Fun fact: USD M2 has shrunk by 1T over the last year or so. It has been sitting under its 1 year average for months. This has NEVER happened before
Do you think that there is a time lag or that there is no significant time lag?