According to CoinMeta, a 10xResearch report states that Bitcoin has had an average annual return of 63% over the past decade. However, investors who purchased Bitcoin five years ago only achieved an average annual return of 2.3%. Bitcoin has now become an asset worth $1.5 trillion, and transferring Bitcoin requires the involvement of institutions and sovereign capital. Investors' reactions to economic growth, inflation, Federal Reserve policies, and the US dollar affect Bitcoin's performance. Over the past year, this combination has been the worst for Bitcoin. The report also mentions which strategies were effective in the past five years, which were not, what kind of macro environment Bitcoin needs to achieve a significant rise, that we believe the worst period of re-pricing has passed, and our current investment strategies.