Once, people always said that BTC was a unicorn riding a rocket to the moon, rising by hundreds of points in a year, and you could earn just by closing your eyes and buying.
But now, this myth is gradually returning to reality.
Looking back at the annual compound growth rate chart of Bitcoin, 2017 was indeed crazy, with casual market waves resulting in several times or even a dozen times increases. But after 2020, everything changed - in that year, Bitcoin was accepted by the 'regular army': institutions began to allocate, corporate ledgers included BTC, and even some countries adopted it as a reserve asset.
When BTC was institutionalized, it was no longer a toy for speculation in the crypto world, but a new type of safe-haven asset in the eyes of global capital, alongside traditional safe-haven assets like gold and bonds.
Since then, the annual compound growth rate has dropped from over 100% to 30-40%, and it is still gradually slowing down. But this is not a bad thing; rather, it means it is maturing and becoming reliable, starting to have the capacity to accommodate larger capital inflows.
Many people predict that the long-term annualized growth rate of BTC may eventually stabilize around 8%.
Why this number? Because the long-term average global currency expansion is about 5%, economic growth is around 3%, and as an anti-inflation asset, this is the growth rhythm it should have.
We once fantasized about overnight surges and financial freedom, but now, looking back, an asset that can sustainably outperform inflation over the long term, and even maintain double-digit growth each year, is indeed precious.
BTC is such an existence - it is no longer stimulating, but it is worth long-term trust; it no longer doubles every day, yet it still performs better than the vast majority of publicly traded assets.
So,
If you have already entered the market, take your time, no need to be anxious;
If you are still hesitating, don't expect it to return to the craziness of ten years ago.
