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In today’s video, Miles Deutscher discusses why the halving has never driven Bitcoin’s true cycle and why the data now points toward a 2026 peak, rather than 2025. He breaks down Raoul Pal’s ISM-driven thesis, the debt maturity shift, and the liquidity roadmap that explains every major Bitcoin top and the setup for the 2026 supercycle. Referenced clip sourced from Real Vision - https://www.realvision.com Follow Raoul Pal On X 👉 / raoulgmi ______________________________________________ Topics Discussed: — Four-Year Cycle Myth — ISM Business Cycle — Debt Maturity Extension — Five-Year Macro Cycle — Rate Cuts & Debt Rollover — Liquidity Expansion — Global M2 Correlation — Bitcoin & Equities Correlation — Cycle Multipliers — Institutional Adoption — Sovereign Adoption — Macro Debasement Trend — BTC, ETH _________________________ X: / milesdeutscher Disclaimer: All posts on this account are intended for educational and informational purposes only and should not be considered financial or investment advice. Miles High Club and its affiliated individuals or entities are not licensed to provide financial or professional advice. Trading and investing in cryptocurrencies or other assets involve significant risks, including the potential loss of your entire capital. Any information provided on this account does not guarantee future results, returns, or performance. You are encouraged to seek independent financial or professional advice tailored to your personal circumstances. By accessing this account and engaging with our content, you acknowledge that you have reviewed and agree to the terms of our full disclaimer. _______________________________________________ Discord Disclaimer: All discussions, posts, and shared materials within this Discord server are provided for educational and informational purposes only and should not be construed as financial or investment advice. Miles High Club and any affiliated parties, including but not limited to our server administrators, moderators, and contributors, are not licensed to provide financial or professional advice. Trading and investing in cryptocurrencies or other assets carry significant risks, including the potential loss of your entire capital. Any information shared in this server does not guarantee future results, returns, or performance. Before making any financial or investment decisions, you are encouraged to seek independent financial or professional advice suitable to your personal circumstances. By joining and participating in this server, you acknowledge that you have reviewed and agree to the terms of our full disclaimer, available here. _______________________________________________ YouTube and Private Member Videos: This video and its contents are intended to be general in nature and provided for educational and informational purposes only. Miles High Club and any affiliated parties, including but not limited to our directors, officers, channels, agents, instructors, moderators, employees, affiliates, contractors, or writers, are not licensed financial advisors and do not provide any financial or professional advice. Investing and trading involve high risks. The outcomes and information from our videos and teachings are not indicative of your future results, earnings, or performance. We advise you to seek financial or professional advice relevant to your circumstances prior to making any financial or investment decisions. By accessing and viewing our videos, you acknowledge that you have reviewed and agree to the terms of our full disclaimer, which is available here. https://milesdeutscher.com/disclosures/ We strongly encourage all viewers to conduct their own research before making any investment decisions. #crypto #altcoins #bitcoinbullrun _______________________________________________ Timestamps: 00:00 – Intro 00:22 – Why Bitcoin Is Lagging 00:47 – The Government Lever That Extended The Cycle 01:10 – The Real Driver Of Bitcoin Tops 02:00 – How Debt Maturity Created A Five-Year Cycle 02:58 – Rates, Liquidity & Why Bitcoin Is Stuck 03:46 – The 2026 Timeline Explained 04:40 – Why This Cycle Feels Slower 05:14 – The Realistic Peak Range 05:42 – Institutional & Sovereign Demand 06:32 – Why Liquidity Must Expand 06:55 – Outro