TechFlow news, September 4 — According to The Block, Jasper De Maere, Head of Research at Web3 accelerator Outlier Ventures, published a report stating that Bitcoin's price performance following the latest halving event has been the worst in history, and investors should abandon the concept of the four-year cycle.
Data shows that within 125 days after this halving, Bitcoin’s price dropped approximately 8%, compared to gains of 739% (2012), 10% (2016), and 22% (2020) during the same periods following previous halvings. De Maere believes 2016 was the last time the halving significantly impacted Bitcoin’s price, as block rewards for miners have since become negligible amid an increasingly mature and diversified crypto market.
Although Bitcoin hit a new all-time high of $73,836 on March 14 this year, De Maere said this was primarily driven by factors such as the approval of spot ETFs, not the halving. He emphasized that founders and investors need a better understanding of market drivers to anticipate funding opportunities.
Outlier Ventures stated that rejecting the four-year cycle theory does not imply a bearish outlook on the overall market, but calls for the industry to reassess traditional market cycle theories.
