BlackRock published a great Bitcoin report Key chart đ: âBITCOINâS LONG-TERM PERFORMANCEâ
The chart shows Bitcoinâs price movements from 2010 to 2024, highlighting four major bull and bear cycles:
âą First Cycle: 592x gain, -93% drop.
âą Second Cycle: 555x gain, -84% drop.
âą Third Cycle: 104x gain, -83% drop.
âą Fourth Cycle: 21x gain, -77% drop.
Despite high volatility, Bitcoinâs cumulative return is 807,000x over 14 years. The overall trend shows significant long-term growth, outpacing bear market losses.