Arthur Hayes is largely responsible for the end of the four-year market cycle.

Bitcoin Cycles and Monetary Policy

Arthur Hayes, co-founder of BitMEX, believes Bitcoin cycles are primarily influenced by monetary policy, not by predictable timing patterns.

Hayes suggests that the current Bitcoin environment presents a distinct departure from previous cycles, indicating a significant shift in underlying dynamics.

This implies that traditional timing-based predictions for Bitcoin may be less reliable in the present circumstances due to the impact of monetary policy.