Nic Carter, a prominent figure in the cryptocurrency space, has declared the 'four-year cycle' and 'alternative investment season' concepts outdated as the market faces intensified challenges. Carter noted that the 2025 cryptocurrency market is experiencing a significant downturn, overshadowed by the rise of artificial intelligence and the Mag7. Retail investors are increasingly turning their attention to sectors like data centers, quantum computing, and rare earth stocks. Carter highlighted that the current market decline is driven by weak demand and a lack of attention, with long-term underperformance in digital assets. He stressed the importance of creating real value to achieve profitability, marking a critical challenge for the industry. This shift underscores the need for innovation and tangible value creation in the evolving investment landscape.