[Nic Carter: The concept of the crypto market 'four-year cycle' is outdated] Nic Carter, the father of smart contracts, posted on the X platform stating that the prediction of a 'worse situation' for the cryptocurrency market in 2025 is not alarmist. While there were still potential 'catalysts' during the market downturn in 2022, cryptocurrency has now lost attention, with artificial intelligence and Mag7 taking center stage. Retail investors have shifted their focus to data centers, quantum computing, and rare earth stocks. Weak market conditions, a lack of buyers, and prolonged DAT stagnation have rendered concepts like the 'four-year cycle' and 'alternative investment seasons' obsolete. At this stage, profits require genuine value creation, and the market faces significant challenges.