BTC周期轮回：牛市狂欢，70%大跌，下一个12.6万美元后，它会“再次死亡”吗？

Every cycle plays out the same way. $BTC hits a euphoric peak, everyone screams \"this is it, we're going mainstream,\" then it crashes 70-85% and the obituaries start rolling in.

2011: $30 → future is here

2012: $5 → dead

2013: $1,330 → this time it's real

2015: $200 → dead again

2017: $19k → institutional adoption incoming

2018: $3.3k → dead

2021: $69k → nation-states are buying

2022: $16k → dead

2025: $126k → orange-pilled world

2026: $60k → probably dead

The pattern isn't a bug. It's the feature. Cycles wash out weak hands, reset sentiment, build the next foundation. Each bottom gets higher in real terms. Each peak brings new infrastructure, new believers, new capital.

Most people can't stomach the drawdowns. That's why most people don't make generational wealth in this space. The ones who do understand that volatility isn't risk — it's the price of asymmetry.

If you can't handle seeing your portfolio cut in half, you don't deserve the 10x on the other side.