Papers published in February 2023 make the case for black holes potentially being the source of dark energy, where "dark energy" is the mysterious "force" responsible for the observed rapid expansion of the Universe. I will note right off the bat here that as of March 2023, Sean Carroll (and as he pointed out, the silence of other prominent physicists on this idea indicates they may share the same opinion) does not think this theory has a good chance of "being on the right track." With that being said, it's still fun to think about.
But if indeed black holes are the (only) source of dark energy, then, in the distant future, once all black holes evaporate, there may not be any influence of dark energy remaining in the Universe. At that point, the Universe may collapse.
Taking that possibility, and combining it with some other theories, chief among them being Roger Penrose's Conformal cyclic cosmology theory, creates a sensible overall theory for a cyclic Universe.
Note that I am not qualified to write seriously about this subject. This post is purely lay speculation, written for fun.
I have written this post mostly to have a dated record of my thoughts on this. Maybe I'll do some reading and have some large revisions to make to this theory. Or perhaps in a few decades science will have much stronger theories to replace/refute some of these points.
Click to expand the individual steps below for a bit more information. I have italicized where these steps, that I'm aware of, involve well-known theories.
1. All the energy in the Universe was collapsed in a singularity.
2. An explosion this energy occurs, creating all the matter in the Universe (the Big Bang).
This explosion happens for a few reasons:
3. Some of this matter immediately collapses into huge black holes (direct collapse black holes).
4. When the matter disappears into these first black holes, they forcefully (dark energy) generate vast amounts of space (cosmic inflation).
5. This space pushes apart the remaining matter, which collapse into more black holes, galaxies, the first stars, etc.
6. The universe expands exponentially as galaxies are formed, galaxies merge, and more and more black holes slowly continue to expand (present day).
7. Eventually, all mass will collapse into black holes (heat death of the Universe).
8. Black holes eventually evaporate (radiate out everything as photons) and disappear.
9. Once the last matter and black holes disappear, dark energy disappears. The Universe consists of only empty space and photons.
10. Space is not stable without the black holes' dark energy, and the space in the Universe immediately collapses.
11. The cycle repeats! Go back to step 1.