The Schumpeterian Bitcoin Cycle
There are countless elements in Bitcoin that structurally instill the process of Schumpeterian creative destruction into its ecosystem.Bitcoin embodies Schumpeterian creative destruction. Bitcoin also behaves like a physical natural resource, with unique differences that make it a driving force for effecting fundamental change, much like gold, oil or electricity has done.Bitcoin goes through periodic cycles of varying lengths that inspire a creative rejuvenation of its ecosystem with new ideas and innovations at various timescales and magnitudes. Here we will apply the idea of a....
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According to a CryptoQuant analyst, the Bitcoin price top isn’t in yet if the pattern of past bull cycles holds any weight. Bitcoin Might Reach A New ATH In This Cycle As per a CryptoQuant post, it’s possible that Bitcoin hasn’t yet reached the cycle top, and that a new all time high (ATH) might be achieved soon. There are two ways to define a cycle. The first is to make the initial point the BTC halving. Here is a chart that shows how the price of the coin moved in the 2012, 2016, and 2020 bull cycles based on this criterion: Price vs the number of days after halving in....
Although there has been a slight bullishness in this current crypto cycle, with Bitcoin (BTC) hitting a new peak above $73,000 in March, it is worth noting that this crypto cycle still appears to be different from other past cycles. Particularly, unlike previous cycles, which bolstered new inventions, the current period is yet to introduce […]
This Bitcoin Tuesday, donate your highly-appreciated bitcoin to one of the 120-plus BTC-friendly nonprofits and perpetuate a virtuous cycle. The post The Virtuous Cycle of Bitcoin Giving appeared first on Bitcoin Magazine.
Popular analyst Justin Bennett has explained why the Bitcoin four-year cycle might be over for the foreseeable future. He indicated that the crypto’s projected price surge in this market cycle might not happen as planned and that Bitcoin could suffer a severe price crash soon enough. Why The Bitcoin Four-Year Cycle Might Be Over In […]
A recent study by Gartner has shown that blockchain has reached the ‘peak of inflated expectations’ phase of the hype cycle as the chief architect of ACI Worldwide states that the distributed ledger technology is not yet able to handle financial transactions at scale. The study by Gartner ‘Hype Cycle for Emerging Technologies, 2016,’ found that blockchain won’t reach mainstream adoption for another five to ten years. According to Mike Walker, research director at Gartner, the Hype Cycle for Emerging Technologies report is the longest-running, providing an overview of what technologies are....