The theory is good, and welcomed! But we need to take in consideration that this amount of Btc will enter gradually, and after halving it is possible a retracement ( to shake paper hands), and this coincide with the FED policy... But I agree about your expectation of the next bull cycle... My oersonal opinion is, that this will be the last bull cycle in this form, because of mass adoption...Btc will become "boring", without extreme volatility...will become like SPX, but with a much higher market value and capitalization