Bitcoin is experiencing a double S curve technology cycle

This is common in almost every technology growth cycle.

First there is the initial hype, then there is a period of innovation where the technology matures, then there is a secondary period of high growth and hype that reflects its built-out maturity, enhanced user experience, and mainstream integration.

These three stages look like this with bitcoin.

2009 - 2017: Initial hype (parabolic price action)

2018 - 2026: Innovation (price stagnation)

2027 - 2035: Maturity (parabolic price action)

After these three stages we will reach mass adoption, which would in theory equal a 26 year adoption cycle from whitepaper to mass adoption.

The last 8 or so years in bitcoin have felt boring, but thats just because the price action has been going nowhere. for example we are currently at the same prices seen in 2021 and only 3x the prices seen in 2017.

But this is exactly how the innovation stage works. It appears boring however there is a ton of building going on behind the scenes to make bitcoins user experience intuitive while integrating it into mainstream finance and technology apps. It just feels boring because we dont see all the innovation happening behind the scenes.

Once all these years of innovation start to present themselves in the mainstream world the second hype/growth stage begins where the price moves into a parabolic stage once again as it reflects the maturity of bitcoin.

The best is yet to come not just for price, but also for user adoption.