Michael Terpin

And so that's where I get that.

I think we're going to be at about three X plus or minus macro.

If the tariffs keep on causing havoc, maybe we only get to 150 K before the bubble pops.

If the good regulation, the amount of money being put in Bitcoin treasury companies, Michael Saylor just bought, you know, $2.1 billion.

I mean, he bought,

you know, more Bitcoin than the miners did, sold in months in one day, right?

And so we are buying way more right now than the amount of supply.

And so at some point you have a supply shock.

And so where the super cycle comes, and so the final season, so it lasts about a year.

So you got about six months of Bitcoin spring.

You got about a year of Bitcoin summer.

You got a year of Bitcoin fall.

That leaves about 18 months for Bitcoin winter.

Bitcoin winter is not when things are dropping.

It's when they've already capitulated.

So that's the best time to buy.

And when things have dropped, there's blood in the streets and it takes about 18 months to then go back to the halving.

So you have to be patient, but that's been the most profitable time to buy.

And so that's the big lesson in the book.

Bitcoin's super cycle is very simply that 5% and 95%.