INTRODUCTION How many times has bitcoin been declared dead? At least 463 times. And it’s never been because of its monetary system failing or its technical operation breaking down, but because of its price crashing. Some may argue that those two things — tech development and price actions — are inherently connected, but that’s not the case. Price swings in bitcoin are mainly driven by its own halving cycles as well as macroeconomic events. Since it roared into life from humble beginnings, bit...

INTRODUCTION How many times has bitcoin been declared dead? At least 463 times. And it’s never been because of its monetary system failing or its technical operation breaking down, but because of its price crashing. Some may argue that those two things — tech development and price actions — are inherently connected, but that’s not the case. Price swings in bitcoin are mainly driven by its own halving cycles as well as macroeconomic events. Since it roared into life from humble beginnings, bit...