James Lavish, a partner at the Bitcoin Opportunity Fund, has acknowledged the persistence of Bitcoin's four-year cycle, despite previously declaring it obsolete. Lavish admitted his error after Bitcoin surged to a new high of $126,000, surpassing the $100,000 mark and reinforcing the cycle's narrative. He noted that significant Bitcoin holders began selling as the U.S. debt escalated, positioning Bitcoin as a rational exit strategy. Lavish emphasized the role of liquidity in driving market prices, drawing parallels to the market rebound during 2020-2022 following quantitative easing. He highlighted the Federal Reserve's ongoing liquidity injections as a response to the U.S. debt, which has doubled to $39 trillion over the past decade. Lavish suggested that this liquidity influx could propel Bitcoin to new highs, with potential targets of $84,000 and $96,000, although a correction to $65,000 remains possible.