BITCOIN HALVING CYCLES

Best Bitcoin Performance has been 12 to 18 Months Following Halvings

Bitcoin Price Source: http://coinmarketcap.com.

BITCOIN VALUATION MODELS

Historical Price Trend

Bitcoin Price Source: http://coinmarketcap.com. Data as of 11/10/23.

Metcalfe’s Law

Source: Fundstrat, PlanB@100trillionUSD-PlanBTC.com. Data as of 11/07/23.

Stock-to-Flow

Source: PlanB@100trillionUSD-PlanBTC.com. Data as of 10/31/23.

Stock-to-Flow Measured in Gold

Source: PlanB@100trillionUSD-PlanBTC.com. Data as of 11/04/23.

Ranked Asset Returns

Source: novelinvestor.com, Off the Chain Capital. Data as of 11/10/23. *Performance of assets since the end of 2022. **How many times greater Bitcoin has performed than the second best performing asset class.