Part 2/13:
The first lesson Dennis emphasizes is understanding the myth of crypto cycles. New investors often cling to the belief that cryptocurrency operates on predictable four-year cycles, primarily tied to Bitcoin halving events. However, he underscores that these cycles are largely coincidental and suggests focusing instead on broader macroeconomic factors, such as global liquidity cycles. Successful investors don't just follow historical patterns; they track M2 global liquidity and Federal Reserve actions to inform their strategies.