We don't know year by year how BTC prices will go. A lot of people seem to think 2025 up huge, 2026 down, 2027 up small, etc.. The "cycle" hypothesis. But let's look at the Gold Prices after the 2004 GLD ETF A completely different pattern.

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If the cycle hasn’t already been broken, things have changed so much that it won’t be recognizable to past moves.