According to online reports, Pantera founder Dan Morehead said in a recent interview that Bitcoin's four-year cycle model will continue and the market will experience a big bull market, then a bear market. But the only difference is that after three 85% declines in the past 12 years, the next correction may be only 50% or 60%, at least for bitcoin, and smaller currencies may still experience greater volatility. If according to the four-year cycle rule, April 19 this year is the halving time, and August 2025 is expected to be the peak of this cycle. It has been predicted that the volatility will gradually decrease, and the previous halving cycle will fluctuate even more. This time it will be relatively mild. It's not just the halving factor, the political and macroeconomic environment are also creating favorable conditions for cryptocurrencies. So we are quite optimistic about 2025.