Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association
When you were young, you were often felt in your lack of experience. However, our elders are at the same time mourning us that time is on our side.
Bitcoin, like any young emerging tech, is the same. The early years were full of uncertainty, but filled with the promise of endless possibilities. Time is on our side to find out, adapt and grow.
As we enter the midlife, however, the previous wins and the growing recognition (or adoption – in the sense of technology) are blinded, we begin to pursue success and increased wealth with increasing vision in the tunnel. This is precisely where Bitcoin has found itself today, finally accepted by institutions, the communication of the day -to -day news, every step that is celebrated but also forced by expectations. This phase brings a rush, danger and uncontrolled panic.
As a result of what a former eternal opportunity is narrow, the immediate moment before the end is a sudden and dangerous limit.
Bitcoin’s rapid increase in 2025 meets its own midlife crisis. The exponential growth of its youth as an emerging tech is fading. Recently, Cleancore Solutions have seen its shares that drops 60% after announcing its plan to jump to the Bandwagon of the crypto treasury with a pivot to become a DogeCoin Treasury company.
Falling signs of growing investors in speculating crypto stints, reflecting the broader challenges facing bitcoin while struggling to maintain momentum amid increased volatility in the market, which is the cover of the Forbes may have further aggravation.
Urgent questions about its longevityAnswers to the demand of value and purpose. Like any good legacy planning, having a mood is often recommended.
What is the life of the Bitcoin shelf?
Every technology has a life cycle. Bitcoin is no exception. Bitcoin remains a technology subject to Irreversible lifecycle laws. Bitcoin may have the bear running and the bull is running, but the growth cycle has begun backwards. To put numbers in perspective:
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The 2013 cycle saw growth in 310x
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The 2017 cycle has seen the growth growth in 143x
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The cycle of 2021 saw the contract of growth strongly at 11x
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The cycle of 2025 saw growth growth at 2.1x only
Each new cycle is about a -quarter of the previous twist, describing a worrying geometric decay pattern.
According to academic math statistics, Paper by Nassim Nicholas Taleb, Bitcoin, money, and breakdownHis “bubble model” theory is that price growth cannot continue to rise forever for a non-harvest.
Related: Owned by a whole bitcoin in 2025 – how rarely is it?
When an property becomes an essential “based on faith” owned, the truth in the market and discipline will eventually bring such a momentum downward, which eventually, the multiplier can sink below 1, moving from a growth model to a model retreat. No economic or speculation -Haka running can escape natural growth cycles followed by adjustment or denial.
The question should be asked: Is Bitcoin close to the edge of a cliff? Is the fireworks of Bitcoin the way to the natural burnout that all tech should face, or will there be a second wind, and the end has not appeared in the end?
The crypto as an asset ‘based on faith’
Joe Lubin, the co-founder of Ethereum, once expressed a vision of Ethereum value based on “faith in the Ethereum blockchain.” In his interview with the show’s daily comedian Ronny Chieng in 2017Lubin pivoted that when people believe in cryptocurrency, this factor is just enough to “snowball at something that is considered important.”
In the same interview, he suggested that through it (having faith), it would be “like the US dollar.” His views seem to indicate that the money, at its core, also relies on collective belief and trust. This view is, however, not noticed an important Fiat Currency disturbance, which, unlike Bitcoin, is supported by financial policy, taxation, fiscal steps, and, where a government lacks debt, austerity measures and more.
A faith -based asset is lacking in all such values. While the value of faith-based assets comes only from market demand and collective beliefs, Fiat’s fallback is an intrinsic value supported by economic structures.
Bitcoin is, at least, transcended being another owner. In older narratives, Bitcoin is described as a fence against inflation, a protector from government control (at least during pre-regulation). The facts are, however, changing.
Pivot from investment to bitcoin-as-a-product to blockchain-as-infrastructure
Standing in the actual test of time is usually not the product, but the infrastructure that supports the product. Although Myspace And Netscape can fade, infrastructure like the Internet is what stands for the test of time.
https://www.youtube.com/watch?v=DBYVWY_BR7Q
In many ways, Bitcoin began as a revolutionary product, designed and deployed to challenge the traditional financial system. Its meteoric increase is attracting millions, which promises liberation of financial independence.
However, like any technology product, it faces natural limits. Even the blockchain, the underlying Bitcoin technology, is still based on the principles of cryptographic.
Conversely, blockchain infrastructure refers to physical and operational components that make blockchain networks reliably. This includes network nodes (including whole and validator nodes), network protocols and data storage systems that maintain and support ecosystem
Like any midlife crisis, Bitcoin reached a pivotal crossroad. While Etf and institutional Purchases are the same as Bitcoin’s end from university to central management, The destruction of bitcoinwhich is also linked to the explosion in its early days, the clues of maturity, if not retreating.
Recognizes this trend, og Investors Have either divested from Bitcoin and re -proved to newer tokens such as Ethereum or move toward infrastructure for a long -term approach. Both trends, however, point to the future of Bitcoin.
This transition emphasizes a basic fact – individual technologies, no matter how revolutionary, eventually bound lifespans, while durable infrastructure will release their counterparts.
For investors, changing and manufacturers of policy, such as our own hairline or waist -increasing a reminder that a lifecycle perspective is important to navigate the Midlife’s own phase of Bitcoin, so it should also be such a perspective that serves us as a guide to the next evolution of the industry ecosystem.
And perhaps, Before you pitch a Bitcoin Treasury plan with a 20-year locking periodConsider this: Do you have electronic devices in your home 41 years of age or older? Are you still born 41 years ago? Bitcoin, as a technologyWhich one began its Genesis block in 2009will be 41 years old when locked tokens are fully accessible. Meditation on the Bitcoin lifecycle is important in making smart, strategic decisions in the fast emerging world.
Opinion by: Joshua Chu, co-chair of the Hong Kong Web3 Association.
This article is for general information purposes and is not intended to be and should not be done as legal or investment advice. The views, attitudes, and opinions expressed here are unique and do not necessarily reflect or represent the views and opinions of the cointelegraph.
