Pantera founder Dan Morehead said in the latest interview that the four-year cycle pattern of Bitcoin will continue, and the market will experience a big bull market, followed by a bear market. But the only difference is that after three 85% declines in the past 12 years, the next correction may only be 50% or 60%, at least for Bitcoin, and small coins may still have more volatility. If the four-year cycle is followed, April 19 this year is the halving time, and August 2025 is expected to be the peak of this cycle. It has been predicted that the volatility will gradually decrease. The previous halving cycle was more volatile, and this time it will be relatively mild. Not only the halving factor, but also the political and macroeconomic environment is creating favorable conditions for cryptocurrencies. So quite optimistic about 2025.