Why I think this next cycle will break a majority of biased models and theories surrounding #Bitcoin:

1. Institutional demand: a big one here is diminishing returns, both correct and incorrect imo…diminishing returns FROM retail, but it’s day 1 for institutions. The only difference is they MIGHT know what they are getting into off the rip. They also MIGHT still be playing fiat games, but they will learn their lesson in the long run if so.

2. Finite supply: S2F was a popular model among retail Bitcoiners that became too bullish after projecting $100k last cycle. Imo the S2F ratio is an important aspect for SoV’s, #Bitcoin is the only SoV commodity whose supply will never double. It’ll be hard to make a model for what happens as more people realize this.

3. Inflation hedge: inflation is a slippery slope. I think #Bitcoin’s effectiveness as an inflation hedge will increase as people closer and closer to the printer continue to adopt #BTC.

4. Technological advances: the more NGU the more people will want to buy #Bitcoin, but this is also true for people who want to build on or for #Bitcoin.

The only thing predictable about #BTC is its issuance, but this is a feature not a bug, and I LOVE IT!