Bull runs are like wildfires: they need a combination of conditions to get started.
A wildfire needs a long period of no rain, high temperatures and then high winds at the point of ignition.
Yes – wildfires have been exacerbated by record methane emissions that Bitcoin helps mitigate, but that’s not what this article’s about: this time it’s just an analogy.
Halvings cause a drying up of new supply of Bitcoin (no rain). They draw increased interest in timing Bitcoin market entry (high temperature). But they also need high winds and an ignition event.
That high wind is the winds of change around the Bitcoin ESG narrative.
The ignition event will be the first large ESG Investment…
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