BTC is upgrading from a high-speed growth stock to the latest macro asset in 150 years: -The compound annual growth rate before and after 2017 was over 100%, with a small market and few followers. As soon as funds came in, it took off -Institutionalized after 2020, the compound annual growth rate has decreased to ≈ 30-40%, outperforming the stock index -Long term goal of annual growth of approximately 8% (=5% M2+3% GDP) Slowing growth ≠ losing alpha. The compound interest curve is still expected to outperform the vast majority of public assets, and Bitcoin remains the best investment for retail investors.