Bitcoin and Crypto Turning Point? - Feel it in the Pahjis!

Peter Saddington explores the possibility that Bitcoin and cryptocurrency have reached a crucial turning point. Drawing upon Carlotta Perez's framework from "Technological Revolutions and Financial Capital," Saddington suggests crypto may be transitioning from a "frenzy" phase into a "synergy" phase. He identifies historical patterns where, after financial excesses and exposed frauds – such as those seen in the 2022-2023 crypto landscape – a period of sobriety emerges. This sobriety leads to regulation and policy making. Saddington speculates that this regulatory phase marks the end of technology's initial installment period. He wonders what the next price increase will be with Bitcoin around $70,000 and an election season on the way.