One year ago, the digital world braced for the impact of the Bitcoin halving, a pre-programmed event that fundamentally alters the supply of the world’s most famous cryptocurrency. Historically, this event serves as a catalyst for a predictable bull run, but this time, the narrative has taken an unexpected turn that has left even the most seasoned analysts questioning their models. We are currently navigating a landscape where the old rules seem to have been rewritten by the arrival of massive institutional players and the launch of Spot ETFs, which have effectively front-run the typical supply shock. This cycle isn’t just about the numbers on a screen; it’s about a profound shift in perception. Bitcoin is no longer just a speculative asset for the fringe; it has become a strategic res
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