The Bitcoin 4-year cycle theory, which anticipates price surges following halving events, is under scrutiny after the 2024 halving did not lead to the expected bullish rally. Analysts argue that the theory is based on limited historical data and lacks scientific grounding. Experts, including Joe Carlasare and Tim Draper, suggest that the impact of halvings is waning as the cryptocurrency market matures and macroeconomic factors become more influential. Outlier Ventures has gone as far as to claim that the halving effect 'died' in 2016, advising investors to move away from relying on outdated patterns. This shift in perspective highlights the evolving nature of the cryptocurrency market, where traditional theories may no longer hold as much sway.