Lyn Alden
· 123w
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:...
Commodity prices find the marginal cost of production (ability to acquire). Either via exchange or mining. If the cost to produce bitcoin via mining doubles overnight, the market may add more buying pressure to the exchange side, therefore pushing up the price.
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