What Bitcoin Did Everyone Was Wrong About This Cycle | Andy Edstrom
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Feb 17, 2026 
Andy Edstrom, author and wealth manager focused on Bitcoin investing, discusses bear markets, capital preservation and portfolio allocation. He explores why the four‑year cycle held up, how whales and treasury strategies shape price, and when Bitcoin might act as savings rather than investment. Short, sharp takes on liquidity, ETFs, and timing reallocation.
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Early 2017 Entry Shaped His View
- Andy discovered Bitcoin in August 2017 and lived through two savage bear markets, which forged his caution.
- He sold during downturns because loss pain sometimes outweighed opportunity cost for him personally.
Why The Halving Cycle Still Matters
- The halving cycle remains relevant because it creates optimal attack windows and affects miner economics.
- Concentrated whale ownership and potential dumps can still disrupt cycle dynamics.
Hold Bitcoin As Long-Term Investment
- Treat Bitcoin as an investment, not short-term savings, and set multi-year horizons for holdings.
- Rebalance and trim positions as cycles warrant rather than assuming permanent savings stability.
