I remember there was a lot of hype about the supposed supercycle in 2020-2021, and then it still player out the good old pattern of a big bull run ending with big crash. So the key word here is that a supercycle "could" become a reality, but the probability of it is unknown. Could be high, could be low.

But my worry is that there's also the probability of the opposite of the supercycle - super bear market that could happen if investors and traders get bored of Bitcoin and move on to something different, something completely unrelated to cryptocurrency. With a lot of money leaving the market and no new investments, there good be a very long depression with the price falling down by 80-90%. Essentially it would mean that majority of the Bitcoin market history was a big long bubble, and the bear markets were just corrections of this long mania phase.