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