10x Research: Bitcoin's four-year cycle persists, driven by politics and liquidity

10x Research's Markus Thielen said on The Wolf Of All Streets Podcast that Bitcoin's four-year rhythm remains intact but is increasingly shaped by politics, liquidity and election cycles rather than the halving. He added that Q4 peaks in 2013, 2017 and 2021, muted reaction to the latest Fed rate cut, and slower inflows suggest a consolidation phase.