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Michael Saylor: The four-year Bitcoin cycle is dead, and the biggest risk lies in incorrect protocol modifications.
Golden Finance reports, on April 5, Michael Saylor posted on X saying that Bitcoin has already won, and that global consensus has come to view Bitcoin as “digital capital.” The traditional four-year cycle has ended; price action is now driven more by capital flows. The banking system and digital credit will determine Bitcoin’s future growth path. At the same time, he warned that the biggest risk is that flawed ideas could push “iatrogenic” changes to the protocol—meaning that human intervention could potentially harm the Bitcoin protocol itself.