{"id":4354,"date":"2025-08-28T22:14:39","date_gmt":"2025-08-28T13:14:39","guid":{"rendered":"https:\/\/www.coinspeaker.com\/kr\/?p=4354"},"modified":"2025-08-28T22:14:39","modified_gmt":"2025-08-28T13:14:39","slug":"bitcoin-price-not-tied-to-halvings","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/kr\/bitcoin-price-not-tied-to-halvings\/","title":{"rendered":"\ube44\ud2b8\ucf54\uc778 \uac00\uaca9 \uc0c1\uc2b9, \ubc18\uac10\uae30 \uacf5\uc2dd \uae68\uc84c\ub2e4\u2026 \ucc44\ud0dd\u00b7\uae30\uad00\uc774 \ud750\ub984 \uc8fc\ub3c4"},"content":{"rendered":"

\uc218\ub144\uac04 \ube44\ud2b8\ucf54\uc778(BTC) \ucd5c\ub300 \uc9c0\uc9c0\uc790\ub4e4\uc740 \ubc18\uac10\uae30 \uc774\ubca4\ud2b8\uac00 \uc2dc\uc7a5 \uc0ac\uc774\ud074\uc744 \uacb0\uc815\uc9d3\ub294 \ud575\uc2ec \ubd84\uae30\uc810\uc774\ub77c\uace0 \ubbff\uc5b4\uc654\ub2e4. \ucc44\uad74 \ubcf4\uc0c1\uc774 4\ub144\ub9c8\ub2e4 \uc808\ubc18\uc73c\ub85c \uc904\uc5b4\ub4dc\ub294 \ubc18\uac10\uae30<\/a>\ub294 \uacf5\uae09 \ucda9\uaca9\uc744 \uc720\ubc1c\ud574 \ud3ed\ubc1c\uc801\uc778 \uac15\uc138\uc7a5\uc744 \uc5ec\ub294 \ucd09\ub9e4\ub85c \uc5ec\uaca8\uc84c\ub2e4.<\/p>\n

\uadf8\ub7ec\ub098 \uc0c8\ub85c\uc6b4 \ubd84\uc11d\uc5d0 \ub530\ub974\uba74, \uc774\uc81c \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc740 \ubc18\uac10\uae30\uc5d0 \uc8fc\ub85c \uc5f0\ub3d9\ub418\uc9c0 \uc54a\ub294 \uac83\uc73c\ub85c \ubcf4\uc778\ub2e4. \ub300\uc2e0 \uad11\ubc94\uc704\ud55c \ucc44\ud0dd \ucd94\uc138, \uc2dc\uc7a5 \uad6c\uc870, \uae30\uad00 \ud22c\uc790 \ud65c\ub3d9\uc774 \uc7a5\uae30 \uc0ac\uc774\ud074\uc758 \uc2e4\uc81c \ub3d9\ub825\uc774 \ub418\uace0 \uc788\ub2e4\ub294 \uc810\uc774 \ubd80\uac01\ub418\uace0 \uc788\ub2e4.<\/p>\n

\ubc18\uac10\uae30 \ub0b4\ub7ec\ud2f0\ube0c\ub97c \ub118\uc5b4<\/h2>\n

\uc628\uccb4\uc778 \uc560\ub110\ub9ac\uc2a4\ud2b8 \uc81c\uc784\uc2a4 \uccb4\ud06c(James Check)\ub294 \uc9c0\uae08\uae4c\uc9c0 \ube44\ud2b8\ucf54\uc778\uc774 \uc138 \ubc88\uc758 \uc8fc\uc694 \uc0ac\uc774\ud074\uc744 \uac70\ucce4\uc9c0\ub9cc, \uadf8 \uc5b4\ub290 \uac83\ub3c4 \ubc18\uac10\uae30 \uc774\ubca4\ud2b8\uc640 \uc815\ud655\ud788 \ub9de\uc544\ub5a8\uc5b4\uc9c0\uc9c0 \uc54a\ub294\ub2e4\uace0 \ub9d0\ud588\ub2e4.<\/p>\n

\uadf8\ub294 \uccab \ubc88\uc9f8 \uc0ac\uc774\ud074\uc744 2011\ub144\ubd80\ud130 2018\ub144\uae4c\uc9c0\uc758 \u2018\ucc44\ud0dd \uc0ac\uc774\ud074(adoption cycle)\u2019\ub85c \uc815\uc758\ud588\uc73c\uba70, \uc774\ub294 \uac1c\uc778 \ud22c\uc790\uc790\ub4e4\uc758 \uc8fc\ub3c4\ub85c \uc774\ub904\uc84c\ub2e4. \ub450 \ubc88\uc9f8\ub294 2018\ub144\ubd80\ud130 2022\ub144\uae4c\uc9c0\uc758 \u2018\uccad\uc18c\ub144\uae30 \uc0ac\uc774\ud074(adolescence cycle)\u2019\ub85c, \ud22c\uae30\uc801 \ub808\ubc84\ub9ac\uc9c0\uc640 \uae09\ub4f1\ub77d\uc744 \ubc18\ubcf5\ud558\ub294 \ubd88\uc548\uc815\ud55c \uad6d\uba74\uc774 \ud2b9\uc9d5\uc774\uc5c8\ub2e4.<\/p>\n

\n

In my opinion, Bitcoin has experienced three cycles, and they are not anchored around the halvings.<\/p>\n

They are anchored around the trends in adoption and market structure, with the 2017 top, and 2022 bottom being the transition points
\ud83d\udd34 Retail early adoption
\ud83d\udfe0 Wild West, Boom &\u2026
pic.twitter.com\/3rbUUpnwen<\/a><\/p>\n

— _Checkmate \ud83d\udfe0\ud83d\udd11\u26a1\u2622\ufe0f\ud83d\udee2\ufe0f (@_Checkmatey_) August 26, 2025<\/a><\/p><\/blockquote>\n