The ETFs and birth of Bitcoin treasury companies changed everything last year.
Anyone waiting for Bitcoin to exhibit the volatility in either direction from previous cycles is going to be disappointed.
No one likes the power law model, but if we are going to try to forecast future price action, that model has the best track record. Expecting past performance to repeat is a model, and not a great as we have seen since 2024.
Up 30%-50% with corrections for the foreseeable future
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Flip it, 50% up 20-30% down every 6-8months
Yes 👌
The only thing that can break this model to the upside would be nation states aggressively buying bitcoin for their reserves
+1