Bitcoin's forks are evidence that halving cycles don't necessarily guarantee fresh all-time BTC highs will be made every cycle.

There seems to be a growing narrative perpetuated by the likes of Micheal Saylor that having cycles are somehow a guarantee that Bitcoin will constantly make new all-time highs each halving cycle. In fact MicroStrategy's Bitcoin strategy is dependant on exactly that.

My prediction is that at some point in the near future cycles Bitcoin won't make a fresh all-time high and the market will lose its shit. Ultimately MicroStrategy will fail, but Bitcoin will still prevail.

My reasoning is that you only have to look as far as the Bitcoin forks (software/ hard) to see that although halving cycles are correlated with price, there's no guarantee Bitcoin will continually make new all-time highs. I don't think we should expect this rather than be scared of it. After all the Bitcoin forks also prove how resilient Bitcoin's underlying technology is.

I believe in Bitcoin, however the more I listen to the likes of Saylor the less I trust him. His view of what Bitcoin is and should be is now world's apart from what Satoshi actually proposed. All those suggesting that Bitcoin cycles are some form of new all-time high guarantee is misleading.