$BTC the long-term cycle structure is unlikely to keep following the diminishing returns model forever.
When you compare the waning gains above each previous all-time high with the bullish declines of bear market drawdowns that progressively become shallower, it becomes clear that extending these trends indefinitely leads to unrealistic results.
If the pattern never changed, $BTC would eventually become an asset with minimal volatility despite increasing global adoption, ongoing monetary expansion, and a strictly limited supply. That doesn’t seem consistent with how markets evolve.
When you compare the waning gains above each previous all-time high with the bullish declines of bear market drawdowns that progressively become shallower, it becomes clear that extending these trends indefinitely leads to unrealistic results.
If the pattern never changed, $BTC would eventually become an asset with minimal volatility despite increasing global adoption, ongoing monetary expansion, and a strictly limited supply. That doesn’t seem consistent with how markets evolve.