Bitcoin is trading around $75,000. The same price it first hit on March 2024. Two years. Zero returns. Here's everything that happened in between. April 2024: The fourth Bitcoin halving. Block reward drops from 6.25 to 3.125 BTC. New daily supply cut in half. The most bullish supply event in crypto. Historically followed by 12 to 18 months of parabolic price action. December 2024: Bitcoin crosses $100,000 for the first time in history. A psychological milestone a decade in the making. Front page of every newspaper on earth. January 2025: Donald Trump inaugurated as the 47th President. The most pro-crypto US president in history. Bitcoin hits $109,350 on inauguration day. March 2025: Trump signs an executive order establishing a US Strategic Bitcoin Reserve. The United States government now officially holds Bitcoin as a reserve asset. May 2025: Bitcoin hits $111,814. New ATH. July 2025: $121,000. October 2025: $126,198. The absolute peak. Nearly double where we sit today. Then it all reversed. Every catalyst that crypto Twitter spent a decade waiting for arrived in a 24 month window. ETFs. Halving. $100k. A president who literally launched his own coin. A government reserve. All of it happened. The price round tripped to zero gains.