Analysis challenges Bitcoin diminishing returns theory amid recent gains

The diminishing returns theory concerning Bitcoin has captured the attention of investors and analysts alike. This theory proposes that with each cycle, Bitcoin's returns might not be as lucrative as before. Diving deep into the heart of this speculation, an intriguing pattern emerges when we look at Bitcoin's performance from two pivotal moments: its cycle low amidst the FTX collapse in November 2022 and its cycle all-time high in April 2021. The numbers tell a compelling story of resilience and unexpected performance, with Bitcoin's appreciation outstripping its past cycles by a considerable margin. But does this remarkable journey challenge the diminishing returns theory head-on, or is there more to the picture than meets the eye? Delve deeper into the analysis to discover the real strength of Bitcoin's current cycle.

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