BlackRock published a great Bitcoin report Key chart 📉: “BITCOIN’S LONG-TERM PERFORMANCE”

The chart shows Bitcoin’s price movements from 2010 to 2024, highlighting four major bull and bear cycles:

• First Cycle: 592x gain, -93% drop.

• Second Cycle: 555x gain, -84% drop.

• Third Cycle: 104x gain, -83% drop.

• Fourth Cycle: 21x gain, -77% drop.

Despite high volatility, Bitcoin’s cumulative return is 807,000x over 14 years. The overall trend shows significant long-term growth, outpacing bear market losses.