The #比特币四年周期将改变？ cycle may evolve rather than disappear.

In the short term, within 1-2 cycles: halving will still be a price catalyst, but its influence will decrease.

In the long term: Bitcoin may shift from a 'halving cycle-driven' narrative to a 'macro narrative-driven' one (such as global reserve asset, anti-inflation tool), and the cyclical characteristics may become blurred.

Therefore, I believe the four-year cycle will not completely disappear, but its forms (such as volatility, duration) will adjust with market maturity and changes in the external environment. We should focus on macroeconomics, regulatory dynamics, and the development of Bitcoin's own ecosystem, rather than purely relying on history.