Suddenly, this chart feels scary. From 2013–2017 and 2019–2021, BTC experienced accelerated upward trends. But from 2022 to 2025, BTC has largely moved in a linear upward pattern. I hope the reason is that the entry of ETFs has made the market more mature and rational, rather than BTC losing momentum. As someone deeply immersed in this industry, I inevitably carry some bias. So I’m reminding myself to stay rational and not rely on historical patterns to guide my participation in this space.
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