Past performance says NOTHING about future performance, BUT: Past circumstances can say a lot about future returns around similar circumstances. So, question: What do you think is an appropriate time frame for #Bitcoin to look at past circumstances, to guesstimate future prices? 1-2 years (since 2023) with 99% of Wallstreet now having access with ETFs and DATs, etc. 4-5 years (since 2021) when 99% of retail was onboarded with DeFi, NFTs, etc. 8-9 years (since 2017) when 99% of early adopters were onboarded 10 years or more when a few developers were onboarded For me, anything beyond 2 years is absolutely irrelevant to Bitcoin's circumstances hence its price. We will NOT see these circumstances again, hence nothing close to that price action. How about you?(Dr. Julian Hosp)