I’ve come across several posts marking the 10.11 anniversary. To be honest, the wealth effect is definitely much weaker now.
Take Bitcoin, for example. In the year-long bull market after 3.12, it rose about 15x. Later, from its low in 2022 to its high in 2025, it only went up a little over 6x in three years.
Bitcoin really needs an event to reshuffle the deck. Otherwise, it’ll probably keep trudging along in this low-volatility state.
META was also hit hard in 2022, yet its market cap is now over a trillion dollars and it’s risen 7x—with a much better holding experience. And that’s not even mentioning Nvidia or the “storage trio.”
So, are you still waiting for Bitcoin to match the pace of its last cycle?
#BTC #InvestmentThoughts
Take Bitcoin, for example. In the year-long bull market after 3.12, it rose about 15x. Later, from its low in 2022 to its high in 2025, it only went up a little over 6x in three years.
Bitcoin really needs an event to reshuffle the deck. Otherwise, it’ll probably keep trudging along in this low-volatility state.
META was also hit hard in 2022, yet its market cap is now over a trillion dollars and it’s risen 7x—with a much better holding experience. And that’s not even mentioning Nvidia or the “storage trio.”
So, are you still waiting for Bitcoin to match the pace of its last cycle?
#BTC #InvestmentThoughts