People are dramatically underestimating how high $BTC
can go over the next bull cycle.

Let’s use simple math instead of emotion.

Bitcoin has just experienced a ~53% drawdown.

If Bitcoin bottoms around $60k:

• Back to the old high (~$120k) = 2.0x
• 25% above the old high = $150k (2.5x)
• 50% above the old high = $180k (3.0x)
• 100% above the old high = $240k (4.0x)

Historically, Bitcoin doesn’t spend years surviving a brutal bear market just to barely reclaim its previous high.

That’s not how exponential assets behave.

Every cycle, the headlines convince people “this time is different.” They sell near the lows, then wait for “confirmation.” By the time they finally feel comfortable buying again, Bitcoin has already doubled.

The mistake most people make is thinking in terms of percentage gains from the previous all-time high.

The market doesn’t care where the last peak was.

It cares about the next wave of capital.

Now consider what’s different this cycle:

• Nation-state adoption is no longer a fantasy.
• Corporate treasuries continue accumulating.
• Spot ETFs created a permanent demand source.
• The supply of new Bitcoin is lower than ever after the halving.
• Long-term holders continue removing coins from circulation.

When new demand meets a shrinking liquid supply, price doesn’t move linearly.

It moves violently.

That’s why I think people anchoring to “$150k–$180k max” are making the same mistake people made when they said Bitcoin could never reach $20k… then $100k.

If you’re willing to hold through a 50%+ drawdown, don’t sell yourself short by expecting only a 1x or 2x recovery.

Bitcoin has never rewarded weak conviction.

It has rewarded patience.