The four-year cycle is indeed not tenable. Don't be too rigid and follow the general trend. ETFs, macro cycles, and the possibility that countries will use Bitcoin as a reserve asset in the future are more important than halving and will have a greater impact on Bitcoin.

I posted this in the WeChat group, and many people said that the cryptocurrency world is over. I am very puzzled. Is the cryptocurrency world over without the four-year cycle? Is the rise of Bitcoin due to halving? How fragile is this belief?