History never simply repeats itself, but human nature does. Every bear market has its own new story, and there’s always someone shouting, 'This time is different.' But after completing a full cycle, you’ll realize: Prices change, participants change. The only thing that doesn’t change is human nature. When it’s going up, people believe it’ll go up forever. When it’s going down, people believe this time it’s truly different. Then you look back at BTC’s four-year cycle and realize: It’s been the same for 16 years! Will this time really be different?