One of the big debates is whether the halving is the key driver of bitcoin price action or whether it is macro forces like liquidity.
Supply halvings:
https://m.primal.net/HNfH.png
Global liquidity:...
Great insight. One thing tho - doesn’t the fact that FTX fraudulently sold tens of thousands of paper bitcoin put a big asterisk on the peak of the 2021 bull run? It’s hard to say how much damage that really did. I have a hard time looking back at those charts bc the price was being held down by a low integrity scammer, SBF.