Bitcoin $BTC likely has another parabolic cycle ahead.
Yes, capital efficiency is declining. In 2011, just $2.7B in net capital inflows drove a 55,436% price increase. This cycle, $697B produced a +689% return.
The next parabolic bull cycle likely requires deeper institutional allocation. Bitcoin needs to be a core macro asset, not just a retail-driven ETF trade.
That shift is still early, not invalidated.
If Bitcoin can absorb $1T+ in realized cap, another parabolic bull run remains on the table.
Gold's market cap is currently $27T.
Yes, capital efficiency is declining. In 2011, just $2.7B in net capital inflows drove a 55,436% price increase. This cycle, $697B produced a +689% return.
The next parabolic bull cycle likely requires deeper institutional allocation. Bitcoin needs to be a core macro asset, not just a retail-driven ETF trade.
That shift is still early, not invalidated.
If Bitcoin can absorb $1T+ in realized cap, another parabolic bull run remains on the table.
Gold's market cap is currently $27T.