What is the narrative for Bitcoin’s next bull cycle? According to Bitcoin’s original OG, Adam Back, the narrative for Bitcoin’s next bull cycle is the beginning of institutional accumulation. This seems compelling. Indeed, while corrections are inevitable, bull cycles always return. The first cycle was the “miner cycle,” the second was “retail Bitcoin buying,” and the third is now seen as the “start of institutional Bitcoin accumulation.” In simple terms, it’s a gradual upward trend triggered by asset managers and traditional institutions beginning to accumulate Bitcoin. Regardless of what happens now, the next cycle will come—and history repeats itself. #Bitcoin #BullCycle