Do you remember the four-year cycle from those years? The data is in front of us, and the cycle interest rate has stabilized at around 22%. After analyzing 99.4% of BTC's historical trends, the four-year compound growth rate is approximately 26%. In other words, even if you buy at the lowest point of the cycle and sell at the next cycle's bottom, you can still earn 22%.

Now, there is much discussion in the community, saying that the four-year cycle is dead. So the question is—if the old cycle really becomes invalid, what would be the cycle gains driven by the capital and institutions behind the new era?

Think about it: when the world's largest capital forces have quietly laid out the basic framework for Bitcoin, and as each country's legal framework is still in negotiation and gradual improvement, the answer is already in mind. The market's logic is changing, but the logic itself has not disappeared.

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The dollar-cost averaging has reached day 73. Today, I bought 0.00054 BTC at a price of $91,139. The current average price is stuck at $95,168, with a total holding of 0.0493 BTC. Currently, there is an unrealized loss of $195. Continuing steadily.