The Bitcoin Cycle You Knew Is Dead, Says Capriole Founder

Capriole founder Charles Edwards argues that Bitcoin’s famous four-year boom-and-bust pattern has effectively ended—not because markets have matured into a placid equilibrium, but because the engine that once forced 80–90% drawdowns has been dismantled by Bitcoin’s own monetary design. The 4-Year Bitcoin Cycle Is Dead In his Update #66 newsletter published on August 15, 2025,…

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