In a world where Bitcoin’s volatility often stirs both intrigue and anxiety, an intriguing hypothesis has emerged from a Harvard-trained astrophysicist named Stephen. As the dust settles on Bitcoin’s journey through 2025, this expert suggests that while recent market behavior did not mirror classic boom-to-bust cycles, the cryptocurrency’s longer timeline points to an exciting rally on the horizon.
Key Development: The Missed Bubble of 2025
Despite reaching an all-time high in October 2025, climbing past the $120,000 mark, Bitcoin did not soar with the bursting exuberance seen in past bubbles, such as those in 2013, 2017, or 2021. Stephen argues this development bore little resemblance to the explosive peaks of previous years. While popular sentiment celebrated high prices, Stephen’s analysis showed that these milestones did not surpass Bitcoin’s long-term trend by a significant degree.
Stephen’s observations challenge the more traditional four-year cycle model widely used among crypto forecasters. This model, according to him, has been inconsistent, whereas his favored log-periodic power law model has demonstrated greater reliability, showcasing a minimal average timing error.
Future Market Implications
Based on Stephen’s studies, if Bitcoin adheres to historical power law trends, the next anticipated price peak might not manifest until 2027. This projection offers a tempered vision in contrast to short-sighted exuberance, pointing towards a period of consolidation before a robust trajectory development.
A Closer Look at Bitcoin vs Gold
Stephen provides an insightful comparison between Bitcoin and gold, noting their vastly different returns since 2011—Bitcoin has skyrocketed more than 100,000 times, while gold has seen a modest rise of three times. This stark contrast reveals Bitcoin’s long-term growth potential and poses intriguing questions about its current valuation. His regression model suggests a “fair value” assessment challenges current market standings, asserting Bitcoin is undervalued relative to gold.
Long-Term Growth Still Strong
The irresistible allure of Bitcoin does not just hinge on historical price hikes but also on its overarching growth momentum, poised at approximately 40 percent annually, as opposed to gold’s 7 to 8 percent. This unique asset secures its place as a dynamic force within the financial ecosystem, offering both a hedge and a growth instrument across diverse market conditions.
Beyond numbers, Stephen’s research underscores a crucial narrative: Bitcoin maintains its independence from gold, exhibiting inconsistent correlation patterns. It is more than digital gold—it’s a monolith of its own.
