Bitcoin: $77K Spot, $793K 10-Year Floor

The rising floor is what really matters.

10 Year:

Floor: ~$793K (conservative)

Trend: ~$1.72M (base case)

Ceiling: ~$4.45M (euphoric adoption case)

From today’s spot, CAGR:

Floor: ~26%/yr (conservative)

Trend: ~36%/yr (base case)

Ceiling: ~50%/yr (euphoric adoption case)

Current price is noise.

The floor is structural, R^2~99.5%

The trend is the path. R^2~96%

The ceiling is adoption.

Volatility is what you feel.

Again, the rising floor is what matters.