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btw a related thing:
Every 4 years, Bitcoin needs to 2x in value to keep the security budget the same (all else equal); Otherwise it drops.
Here is the yearly-average price appreciation of the last 4 halvings, courtesy of ChatGPT and research:
🪙 Cycle⏱️ Years📊 Start Avg Price📊 End Avg Price💥 Multiple (×)
1️⃣ 2012 → 20161st → 2nd halving$8$600≈ 75×
2️⃣ 2016 → 20202nd → 3rd halving$600$11,000≈ 18.3×
3️⃣ 2020 → 20243rd → 4th halving$11,000$70,000≈ 6.36×
4️⃣ 2024 → 2025 (ongoing)4th → current$60,637$114,056 (latest)≈ 1.8× (so far) (3 years left to go)