Part 11/12:
In summary, the idea that Bitcoin's halving drives the cycle is largely a myth rooted in historical coincidence rather than causation. Instead, macroeconomic liquidity, policy shifts, and narrative-driven flows play the critical roles. The current cycle's divergence from past patterns indicates we are at the dawn of a new multi-year phase—potentially a five, six, or even seven-year cycle—away from the traditional four-year myth.