Bitcoin beyond 2030

Considering the decreasing return every cycle and the decreasing drawdown every cycle, what is your realistic progression of bitcoin in the 2030s?

It’s been a mathematical regression until this point and I can see one more cycle going to the 170 k - 200 k usd by end of 2029 but the drawdown of 60 % would likely have bitcoin at around 90 k in 2030 and the next cycle after that will likely only go up by 2.5 or something so you kind of fall into a perpetual state of pendulum if the current trend of cycles is extrapolated.

There’s really only two things in my mind that happen, it loses the cycle behaviour and becomes like any other asset that falls on supply and demand or people lose faith in the underlying value and it trends to 0