Every cycle plays out the same way. $BTC hits a euphoric peak, everyone screams "this is it, we're going mainstream," then it crashes 70-85% and the obituaries start rolling in.
2011: $30 → future is here
2012: $5 → dead
2013: $1,330 → this time it's real
2015: $200 → dead again
2017: $19k → institutional adoption incoming
2018: $3.3k → dead
2021: $69k → nation-states are buying
2022: $16k → dead
2025: $126k → orange-pilled world
2026: $60k → probably dead
The pattern isn't a bug. It's the feature. Cycles wash out weak hands, reset sentiment, build the next foundation. Each bottom gets higher in real terms. Each peak brings new infrastructure, new believers, new capital.
Most people can't stomach the drawdowns. That's why most people don't make generational wealth in this space. The ones who do understand that volatility isn't risk — it's the price of asymmetry.
If you can't handle seeing your portfolio cut in half, you don't deserve the 10x on the other side.
2011: $30 → future is here
2012: $5 → dead
2013: $1,330 → this time it's real
2015: $200 → dead again
2017: $19k → institutional adoption incoming
2018: $3.3k → dead
2021: $69k → nation-states are buying
2022: $16k → dead
2025: $126k → orange-pilled world
2026: $60k → probably dead
The pattern isn't a bug. It's the feature. Cycles wash out weak hands, reset sentiment, build the next foundation. Each bottom gets higher in real terms. Each peak brings new infrastructure, new believers, new capital.
Most people can't stomach the drawdowns. That's why most people don't make generational wealth in this space. The ones who do understand that volatility isn't risk — it's the price of asymmetry.
If you can't handle seeing your portfolio cut in half, you don't deserve the 10x on the other side.