Charles Edwards, the founder of Capriole, asserts that Bitcoin’s traditional four-year boom-and-bust cycle has effectively come to an end. He attributes this shift not to market maturity but rather to changes in Bitcoin’s monetary design. Edwards explains that since the April 2024 halving, Bitcoin’s annual supply growth has dropped to about 0.8%, significantly lower than gold’s 1.5 to 3 percent range. This development positions Bitcoin as an exceptionally hard asset with predictability in its future value. As discussions around Bitcoin’s market behavior evolve, stakeholders will closely monitor its path moving forward.