The 4-Year Cycle Is Dead. The Future Is Fractional.

Zooming Out

In yesterday’s issue, we reminded you not to mistake volatility for weakness. Digital markets, like fire, burn hottest when they’re alive.

This week, we take the next step.

Because if you’ve been waiting for “confirmation” that the crypto markets have bottomed: this is it.

According to Tom Lee (one of the most respected macro analysts on Wall Street), we are entering a new era. And it doesn’t look like the past.

You read that right.

The neat halving narratives and tidy 18-month bull markets are over. What’s replacing them is more complex, and far more powerful.

Why Crypto Has Bottomed

Let’s start with the obvious question: why now?

• Bitcoin was already up +36% YTD by October 10th.

• Everyone said it was due to the “4-year cycle.”

• But the real reason? De-leveraging.
  The most painful part of the cycle already played out.
  Capitulation. Liquidations. Emotional selling.

Tom Lee’s Digital Asset Treasuries (DATs) actually paused ETH accumulation earlier this year - a call made by legendary market timer Tom DeMark - and resumed buying after ETH bottomed.

Smart money waited. Then moved.

And now, with volatility fading and macro conditions stabilizing, that capital is being redeployed.

The 4-Year Cycle Is Over

The idea of a predictable 4-year rhythm (based on halvings) worked in early crypto because the space was immature and relatively isolated.

Today?

• We are tied into broader macro flows.

• Crypto is influenced by ISM cycles, liquidity trends, and policy pivots.

• Institutions no longer care about halving narratives: they care about yield, balance sheet strength, and real-world use cases.

This is not a trader’s market anymore. It’s an investor’s market.

2025: The Year of Tokenization

Let’s talk about what matters now: tokenization.

You may think of it as “fractionalizing a Picasso” or buying a piece of real estate on-chain. That’s cute.

But that’s not the real revolution.

Here’s what’s actually happening:

✅ Tokenization of equity
✅ Tokenization of product streams
✅ Tokenization of private companies
✅ And yes, tokenization of capital itself.

This started with stablecoins, which now move billions in USD-equivalent value every day. But it doesn’t stop there.

Imagine buying a share of a company before it IPOs, but in a way that’s liquid, programmable, and borderless.

Imagine a prediction market linked directly to a tokenized revenue stream.

That’s not 2030 talk. That’s 2025.

Ethereum: The Brain of the New Market

If tokenization is the revolution, Ethereum is the operating system.

In 2025, ETH will become the most important base layer for real-world financial infrastructure.

That means its utility value will rise. And with it, its relative strength versus BTC.

📊 Keep an eye on the ETH/BTC ratio (indicating the strength of ETH against BTC), because if ETH outperforms, that confirms the tokenization thesis is being priced in. And we are sitting right on a key macro reversal level that could preceed a break-out:

In this new cycle, it’s not about who has the loudest meme or the biggest ETF, it’s about who builds the rails for the next trillion dollars of capital.

Final Word: Plug Into the New Digital Power

Volatility is down. Liquidity is creeping back in. Real use cases are leading the way.

The best years are ahead.

But you need to position accordingly.

Stay convicted. Rotate intelligently. And don’t get left behind.

👉 Want our private macro + crypto playbook?

We post our exact frameworks, asset rotation checklists, and risk dashboards every week on our Skool Community. Join us and stay 3 steps ahead:

Stay strategic. Stay grounded. Stay halal.

—
Saâd
from Swiss Islamic Finance

Invite Your Friends

If you enjoyed this issue, forward it to someone who’s asking if “Bitcoin topped”, they’ll thank you later: