The cypherpunks won, The dream came true. You can deposit $ZEC into $NEAR intents and trade tokenized equities and then withdraw into a private currency you can put on a flash drive and go anywhere in the world with. Now all of the global financial system is trickling on-chain. New market mechanisms, new ownership categories, new rails that didn't exist in any form five years ago. And over those same five years BTC is only up marginally. The price of BTC is not the only scoreboard. Price was measuring one thing while capability compounded somewhere else entirely, and if you spent that whole stretch watching the four year cycle you missed it. The cycles are not the whole story. They’re just easy to chart.