- Reflecting on the period since the last Bitcoin halving in May 2020: the COVID-19 pandemic severely impacted the global economy and sparked inflation. Michael Saylor’s MicroStrategy amassed over 1% of all Bitcoin, boosting corporate adoption. El Salvador adopted Bitcoin as legal tender. China’s ban halved the Bitcoin hash rate. Geopolitical tensions rose, notably with Russia’s Ukraine invasion. Bitcoin ordinals and the launch of Runes marked innovations. A notable decrease in Bitcoin on exchanges indicated a shift towards holding. The collapse of FTX and other crypto platforms contrasted with the success of Bitcoin ETFs. Despite high inflation and interest rates, Bitcoin’s value rose 577%, underscoring its resilience and growing acceptance amid economic and geopolitical challenges..
