I've heard the term super cycle, and it reminds me of the market trend after gold prices broke through the spot ETF in 2004. At that time, gold's market value was only over $200 billion, and the fiat currency inflation pressure back then was far less severe than it is now.
Looking at BTC now, the spot ETF has been around for two years, and its market value has just surpassed $2 trillion. Interestingly, the market value base of gold at that time and the current market value base of BTC are in the same order of magnitude, but the historical context is completely different. Gold later experienced an 8-year large cycle, and back then, the inflation environment and liquidity conditions were actually not as extreme as they are now.
Compared to this, the future potential of BTC seems worth pondering.
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MissedTheBoat
· 19h ago
Wait, gold was only over 20 trillion back then, and now BTC is only about 2 trillion? The comparison doesn't quite hold up, does it? Can the time cycles be compared?
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JustHereForAirdrops
· 19h ago
Damn, the 8-year big cycle of gold, the current environment is way crazier than back then. BTC just broke two trillion, and it's probably just the beginning.
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GasWaster
· 20h ago
The gold took 8 years to rise, and now BTC's conditions are even more extreme... I like this logic, there's something to it.
I've heard the term super cycle, and it reminds me of the market trend after gold prices broke through the spot ETF in 2004. At that time, gold's market value was only over $200 billion, and the fiat currency inflation pressure back then was far less severe than it is now.
Looking at BTC now, the spot ETF has been around for two years, and its market value has just surpassed $2 trillion. Interestingly, the market value base of gold at that time and the current market value base of BTC are in the same order of magnitude, but the historical context is completely different. Gold later experienced an 8-year large cycle, and back then, the inflation environment and liquidity conditions were actually not as extreme as they are now.
Compared to this, the future potential of BTC seems worth pondering.