[Founder of SkyBridge Capital: BTC's Four-Year Cycle Remains Valid, Price Expected to Rise in Q4] According to a report by Jinse Finance, on March 23, Anthony Scaramucci, founder of SkyBridge Capital, stated that the participation of institutional investors and the inflow of funds from Bitcoin exchange-traded funds (ETFs) have to some extent reduced the volatility of Bitcoin's four-year cycle, making its performance 'somewhat moderated.' However, this change in market structure has not completely eliminated Bitcoin's traditional cyclical patterns. He said: 'We are still in a four-year cycle. Some traditional whales and early participants (OGs) still believe in this cycle. And as is often the case in life, when you believe in something, it often becomes a self-fulfilling prophecy.' He also added that Bitcoin's price may continue to fluctuate for most of this year and is unlikely to rise until the fourth quarter of 2026, when a new bull market cycle begins.