Raoul Pal makes a compelling argument for why Bitcoin has not began its parabolic rise yet, even though we are in the 4th and final year of the cycle.
The answer: an extended business cycle
$BTC has been highly correlated to Gold with an 8-week lag.
Right now, Gold is hitting new highs, which means Bitcoin will do this next.
Maybe we could see another correction, but overall Q4 will be big for Bitcoin.