[Originally published to on 1/4/2021] Bitcoin has undergone a series of radical price transformations in its brief 12-year history, leaving many to question the driving forces behind these boom-and-bust cycles. Zooming out of its recent three-month surge, this article will take a high-level look back on Bitcoin’s price history and explain why sudden, volatile movements like what we’ve seen are nothing new to the cryptocurrency markets, and actually quite predictable feature...