Internet reports that macroeconomic factors, including the depreciation of the U.S. dollar (USD), will weaken the impact of the Bitcoin halving cycle. Since 2009, the cyclical fluctuations in the Bitcoin market's boom and bust have originated from this halving cycle. Tim Draper, founder and partner of venture capital (VC) firm Draper Associates, pointed out in an interview. "In the next 10 to 20 years, the dollar will disappear," Draper said in an interview. "The world is changing and we are witnessing this process. We are in the midst of a major leap forward in human civilization,"he added. Tim Draper pointed out that investors increasingly view Bitcoin as a "safety valve" to deal with poor governance, mistrust of banking institutions, fiat inflation and geopolitical tensions, factors that are driving global adoption of Bitcoin, a digital currency with limited supply. The venture capital firm added: "If Bitcoin continues to confront the U.S. dollar in its current manner, the impact of the halving event may diminish as this trend is likely to persist for a longer time. It will still be affected to some extent by the four-year cycle, but I think the impact will diminish."