Bitcoin has shown a significant upward movement in early 2026, currently trading around $95,000, nearing the $100,000 mark. This appreciation is primarily driven by spot demand rather than leveraged positions, indicating real capital inflow. This challenges the traditional four-year cycle narrative that previously dictated market expectations for Bitcoin, suggesting an evolution in market dynamics. The absence of a euphoric blow-off top in 2025, followed by a period of rotation, hesitation, and stagnation, indicates a different market character where capital was waiting on the sidelines. This waiting capital found a temporary haven in Gold, which experienced a historic, parabolic run in 2025, largely due to central bank purchases increasing from 400 to 1000 tons annually. This buying pressure persisted for three years, initially without significant price movement, until supply became exhausted, leading to a parabolic price surge. A parallel is drawn to Bitcoin, where steady institutional and corporate demand for ETFs, treasury allocations, and structured products has been absorbed by long-term holders. Given that Gold is a $30 trillion market and Bitcoin is currently around $2 trillion, the speaker postulates that once marginal demand for Bitcoin definitively overwhelms its marginal supply, the price response will be far more rapid than Gold's multi-year delay. The ongoing collapse of fiat currencies, exemplified by the Iranian Rial, underscores the necessity of sound money. Bitcoin offers unparalleled portability, verifiability, and incorruptibility, addressing the physical and trust-based vulnerabilities of traditional assets like Gold. The long-term outlook for Bitcoin remains bullish, with an expectation of significant price acceleration as institutional demand continues to build and existing supply is absorbed.