I think you have to consider that the impact of the four year cycle diminishes each time the halving results in a smaller block reward. Curiously, though, Satoshi lined the cycle up with the US election schedule, which impacts everything.
I think you have to consider that the impact of the four year cycle diminishes each time the halving results in a smaller block reward. Curiously, though, Satoshi lined the cycle up with the US election schedule, which impacts everything.