Bitcoin and silver

Folks,

Last night Bitcoin hit a new ATH. Followed by an expected pull back. But as of writing this we are above 118K.

I keep hearing "financial" people say that the halving cycle is now irrelevant, because of the number of investors in the BTC market. I am not one of that opinion, I believe the cycle still matters.

What do you all think? I'm expecting a peak around December, followed by a big pull back, just like we've seen before.