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arskiak
@arskiak
BlackRock published a great Bitcoin report Key chart 📉: “BITCOIN’S LONG-TERM PERFORMANCE” The chart shows Bitcoin’s price movements from 2010 to 2024, highlighting four major bull and bear cycles: • First Cycle: 592x gain, -93% drop. • Second Cycle: 555x gain, -84% drop. • Third Cycle: 104x gain, -83% drop. • Fourth Cycle: 21x gain, -77% drop. Despite high volatility, Bitcoin’s cumulative return is 807,000x over 14 years. The overall trend shows significant long-term growth, outpacing bear market losses.
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