Tim Draper: Macro factors will weaken the impact of Bitcoin's halving cycle

According to Golden Finance, macroeconomic factors, including the depreciation of the US dollar (USD), will weaken the impact of Bitcoin's halving cycle. The cyclical fluctuations of the Bitcoin market's prosperity and decline since 2009 stem from this halving cycle. Tim Draper, founder and partner of venture capital firm Draper Associates, stated in an interview. In the next 10 to 20 years, the US dollar will disappear, "Draper said in an interview. The world is undergoing changes, and we are witnessing this process. We are in the midst of a major leap in human civilization, "he added. Tim Draper pointed out that investors are increasingly viewing Bitcoin as a "safety valve" against poor governance, distrust of banking institutions, fiat inflation, and geopolitical tensions, which are driving global adoption of this limited supply digital currency. The venture capital company added: If Bitcoin continues to confront the US dollar in its current way, the impact of the halving event may weaken, as this trend may continue for a longer period of time. It will still be affected to some extent by the four-year cycle, but I believe the impact will weaken