This chart shows the return on investments (ROI) for all market cycles from each market cycle bottom. The bottom price for a market cycle is defined by the lowest price that the asset reaches whenever it is below its fair value logarithmic regression line. Whenever that bottom price is in, the ROI is then calculated by dividing its current price by the bottom price. For example, if the ROI value is 2 then Bitcoin has made a 100% move from the bottom price. Note that the ROI value cannot go below 1 in this chart or else we would not have correctly picked the bottom price.
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