Discipline compounds faster than luck.

We've built this cycle clock actually inside our trading application, so it's always there for people as a reference point. And even when it's not perfectly cyclical, it still trades within very clear top and bottom quantiles over long time frames. See clearly in this image when price is near the lower quantiles, historically it has been an exceptionally asymmetric time to accumulate, and when it's near the upper quantiles, it's a time to reduce exposure and harvest gains. So in the last full bitcoin cycle, it moved roughly 12x from bottom to top. So you a huge gain. If we assume diminishing returns. And we should, the next cycle, conservatively might look like a 6x, still substantial, still transformative, and also quite realistic.