$BTC : EVEN THE HISTORICAL P10 SCENARIO IMPLIES 26.2% ANNUAL RETURNS.

Bitcoin today: $82K

My 10-year pure power-law scaling model:

2036 P10: $841K per BTC
10-year return: 10.2×
Annualized return: 26.2%

P10 is the lower 10th-percentile historical price boundary, not a guaranteed floor.

The bull case: Bitcoin doesn't need to repeat its early explosive growth to generate extraordinary long-term returns.

Zoom out.