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Michael Saylor: Bitcoin Has Won, The Four-Year Cycle Era Is Over
Michael Saylor posted on X that a global consensus has formed that Bitcoin is "digital capital," and the market structure is undergoing a fundamental transformation. He believes that the traditional "four-year cycle" is no longer applicable, and Bitcoin's price will be primarily driven by capital flows. Michael Saylor pointed out that in the future, the banking system and digital credit will determine Bitcoin's growth trajectory, while also warning that the greatest risk comes from "iatrogenic" protocol changes driven by incorrect ideas, which could cause unnecessary disruptions and damage to the network.