In June 2022, the Luna crash caused the market to plummet.

In November 2022, the FTX crash caused the market to plummet.
Unfortunately, this bear market cycle did not see any crashes, not even from ETH leader Tom Lee or various coin stock companies, which is really a pity, and it may also indirectly reflect that the entire industry is becoming more robust.
Since peaking in October 2025, BTC ETFs have resumed a trend of net inflows.
If there is no deep bear market, that would be great, at least allowing us to start earning from the trend more quickly.
At this point, looking at the macro level, the global M2 still shows strong growth, and the M2 growth rate has not slowed down.
The Iran war has shown signs of a ceasefire, and for the mid-term elections, Trump is promoting a stock market rally, and the Federal Reserve's interest rate cut plans are also underway.
The BTC balance on exchanges has also decreased by 200,000 from the peak in October last year!
These 200,000 were taken from retail investors.
If BTC continues to move to the right, then the reasons for bullishness are truly endless!
In "HODLing Bitcoin," God 9 wrote: The world's total wealth is growing at a rate of 6% per year, and after 10 years, the total will be 1.8 times the current amount; after 20 years, it will be 3.2 times the current amount.
Therefore, assuming Bitcoin's store-of-value function is widely recognized in 20 years, its price should be 160 million RMB.
This is the second cycle in which the U.S. officially recognizes BTC, and it is also the cycle with the highest BTC ETF holdings.
Let's wait and see!