In every cycle I have witnessed, projects that survived the bear and thrived in the bull kept building quietly.

Every cycle mints new millionaires and wipes old ones. Common denominator in winners is always time.

This pattern appeared in 2018, 2020, and 2022. The playbook does not change — only the participants do.

新しい人たちに聞かれるときは、まず2017年と2021年のサイクルを見せます。ビットコインは4年ごとに半減期を迎え、その後18ヶ月から2年で頂点に達する。焦らず、最初の12ヶ月は学習と小額積立に充てるべき、それが過去3サイクルの勝者たちの共通点です。

The fundamentals of sound money have not changed since Aristotle defined them. Crypto is the latest implementation.