The "4-Year Cycle" is dead. The "Super Cycle" is here.

Bernstein, one of the few institutional shops that actually gets it:
They aren't calling for a top. They are calling for $200k by 2027.

Why? Because the market has structurally changed. We have moved from "cyclical retail gambling" to "sticky institutional accumulation."

The old models (Halving) relied on supply shocks. The new model (Super Cycle) relies on Liquidity Dominance.

The cycle hasn't ended. It just grew up. Don't let nostalgia cost you your position.