Quick Take
The intriguing question of whether Bitcoin will continue to experience diminishing returns is a topic of extensive discussion among cryptocurrency analysts.
A trend of diminishing percentage returns in year-over-year (YOY) price appreciation can be observed from Bitcoin’s historical performance. But will this trend persist into the future?
Looking back at Bitcoin’s past price appreciation cycles, there is a discernible pattern of declining returns. In 2011, the apex of the price appreciation reached an extraordinary 65,000%. Fast forward to late 2013, the price peaked with a YOY percentage change of over 6,000%.
Subsequently, in late 2017, Bitcoin experienced a YOY percentage change of 2,000%. The most recent bull run in 2021 demonstrated a peak percentage change of approximately 1,000%.
As of the present time, the YOY percentage change is at a significantly lower 73%. This clearly illustrates an ongoing trend of diminishing returns.
Nonetheless, history is not necessari
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