"Right now bitcoin is drifting below the historical range". This statement was true in the 2nd and 3rd cycles too. The average growth line is pointless. No one with an average IQ or above thinks that is going to happen this time. Almost the entire 1st halving trajectory is above almost the entire 2nd halving trajectory which is almost entirely above the 3rd halving trajectory. Can you now infer what will happen for the 4th halving trajectory? Yes, the orange line will almost certainly stay below the yellow line. It's not as sexy and exciting as the average growth line, but there is still good growth ahead.
The ETF flows drying up is kind of a bummer. Hopefully that is more of a sign that big wealth managers aren't pitching them to their clients yet vs the clients declining the opportunity.
"Right now bitcoin is drifting below the historical range". This statement was true in the 2nd and 3rd cycles too. The average growth line is pointless. No one with an average IQ or above thinks that is going to happen this time. Almost the entire 1st halving trajectory is above almost the entire 2nd halving trajectory which is almost entirely above the 3rd halving trajectory. Can you now infer what will happen for the 4th halving trajectory? Yes, the orange line will almost certainly stay below the yellow line. It's not as sexy and exciting as the average growth line, but there is still good growth ahead.
The ETF flows drying up is kind of a bummer. Hopefully that is more of a sign that big wealth managers aren't pitching them to their clients yet vs the clients declining the opportunity.
Super insightful — as always!