Is it possible that the pattern of cycles no longer applies or is at the very least diminishing to a point where its effect is not significant?
Or perhaps we're not in the middle of the S-curve, yet. Wishful thinking.

Its also an interesting questions raised. I don't think anyone thinks BTC is going up 100x from here
100x in purchasing power? Maybe highly unlikely. But, 100x in dollar terms? Inevitable. As long as there is no bottom for the USD, there is no ceiling for Bitcoin. 100 trillion USD market cap isn't so much of a fantasy for the world's most preferred asset.