Is bitcoin cycle theory still alive? I get this question a lot. Here’s how I think about it!
https://blossom.primal.net/4123ad770bb3dd692c6da1096dbb917fd87a9b4c8ff18b74d4801d5c2c2fa887.mov
Discussion
Check out the full roundup episode here https://youtu.be/3ah3WaFfufU?si=hIyymp_nh8rpQ4_x
Yeah but riding up to 500k and then back down to 200k would be waaay more fun 🚀🎢
Yeah, I think 70% drawdowns are over for BTC. I think BTC could drop 30% in a financial downturn, but that’s a worst case scenario. The asset is too widely distributed to see 70% drawdowns.