We should have talked about this before, but let's discuss it again. If we still look at the four-year halving cycle, its effect may become smaller and smaller, as the halving does not have a significant impact on the price of $BTC. However, in reality, the halving increases mining difficulty, forcing the price to either adapt to mining or face the risk of shutdown.

But if we look at it from another angle, after each Bitcoin halving, there tends to be a peak within six months to a year, and this period coincides with the U.S. elections. Historically, every U.S. election has been favorable for risk markets, and this time is no exception.

So can we say that the halving may be stimulated by the U.S. elections, driving market FOMO sentiment and thus leading to an increase in Bitcoin prices? From this perspective, I believe the four-year cycle is still very effective. Interested friends can mark it themselves to see.

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