OK I have just a minute to respond right now, but if you have the circle of 5ths memorized so that you can go through it backwards and forwards, it will be a great help for you in the future. When you go through it clockwise it is 5ths. When you go through it counter clockwise it is fourths. If you know the strings on a 6 string bass, you already know half of the circle.
One quick example of how the circle/cycle can be helpful.
Say you know what note you are on the fretboard, if you know the circle, you will easily know what the note will be for the same position on the string above and below.
It is also super helpful for chord progressions which will be a staple in your bass playing.
It makes it easy to know what the chords would be for a I IV V progression for example.
That is only scratching the surface, but trust me if you have that memorized forwards and backwards, it will be a big help.
As you get deeper into it, you can also see what key something is in by how many sharps or flats there are etc.