Very true

And from price action perspective, we’ve never had a double top like the most recent cycle

Tops were printed very quickly and briefly in prior cycles, but 2021 kept sucking in people at the top for MONTHS

When we reach those levels again, the next push to ATHs will have mega support from an army of bagholders waiting to make their gains

They won’t let price top out too quickly

birdeye21

bitcoin

Lyn Alden makes the case *against* diminishing returns

I think the last cycle had multiple "black swan events": the pandemic, war in Ukraine and the threat of World War 3 due to China invading Taiwan [0]. So I think the bitcoin price was under heavy pressure.

Assuming this doesn't happen again, Lightning adoption taking off because of inscriptions and more exchanges integrating it, shitcoins finally getting regulated and the public learning that bitcoin is different, we could see multiple "white swan events"

[0] not sure if I am using the term "black swan event" correctly