‘I was wrong' about Bitcoin's 4-year cycle, expert James Lavish admits

James Lavish, partner at the Bitcoin Opportunity Fund, conceded he was wrong to declare Bitcoin’s four‑year cycle dead after BTC surged to a new high of $126,000. He argued that macro liquidity — driven by Fed purchases and rising US debt — remains the dominant force lifting asset prices (gold, silver, stocks and Bitcoin). Lavish sees this cycle as different (a ~50% correction to ~$65K versus typical 70–90% drawdowns) and expects BTC to move toward $84K, with $96K in sight if that level is broken. The piece frames more Fed-driven dollar issuance and debt servicing as bullish tailwinds for Bitcoin, while acknowledging short‑term downside risks from geopolitical or tech shocks.