The phases of the cycle are as follows:

- Liquidity contraction (rising interest rates, QT, stop printing).

- Stock market crash (Biggers buy back cheaper).

- Unemployment.

- Liquidity expansion (lower interest rates, QE, start printing).

- Unemployed find jobs again with worse conditions.

- Liquidity injection causes inflation by devaluing citizens' savings.

Right now we are in the unemployment phase, interest rates have already frozen but have not come down, and there are still a few months to go before we enter the liquidity expansion phase.

Right now Bitcoin is a gift, a year from now you will understand.