Things remain unchanged.
The 4-year cycle makes things rhyme, although they may not be identical.
Yes, maybe more money will go into #Bitcoin via ETFs this cycle.
That doesn't change things much.
Reward for miners unincreases reward every 4 years.
The more scarcity an asset has the more attractive it is.
Money can enter the other channels as it has so far via various methods.
Let's not forget that there is already enough liquidity in the stables now of those who built those positions following the former bull market.
Those people/entities will run money through DEXs and make new ecosystems grow.
We are entering the "tokenize everything" paradigm.