According to a report by Cointelegraph, Tim Draper, founding partner of Draper Associates, stated that macroeconomic factors such as the depreciation of the dollar will weaken the impact of the Bitcoin (BTC) halving cycle. Draper believes that the dollar will disappear in the next 10-20 years, and the world is undergoing a leap in anthropology. As Bitcoin hits an all-time high, the dollar index (DXY) is declining. Draper claims that investors will view Bitcoin as a 'safety valve' against poor governance, distrust in banks, fiat currency inflation, and geopolitical tensions. He believes that macroeconomic drivers will be more important than the halving cycle. Xapo Bank CEO Seamus Rocca believes the four-year cycle is still valid, while others argue that BTC has matured into a macroeconomic asset. Bitwise analyst Jeff Park predicts that Bitcoin will appreciate due to geopolitical tensions, currency inflation, and the depreciation of the dollar. The Trump administration emphasized the importance of dollar stablecoins in maintaining the dollar's status as the global reserve currency, but Bitcoin extremist Max Keiser believes that dollar stablecoins are merely a temporary solution and will be surpassed by gold-backed tokens and BTC.

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