Whoa, why is everyone suddenly talking about Bitcoin's supercycle lately? The Chief Market Strategist at Canada’s Wellington-Altus says he saw something similar decades ago. Back then, when China joined the WTO, urbanization triggered a multi-year commodities supercycle. Oil, copper, and iron ore themselves didn’t change—the shift was in global demand and capital allocation. Now, he believes Bitcoin is going through the same thing. With the GENIUS Act, stablecoins, asset tokenization, and Wall Street stepping in, the entire crypto market structure is being reshaped. He gave a pretty vivid example: Back in the day, traditional investment portfolios rarely included commodities. Then institutions realized that allocating 2%–5% could improve risk-adjusted returns, and that’s when the big money started flowing in. He thinks BTC and ETH are heading toward a similar phase of asset allocation. He even suggests traditional investors consider allocating 3%–5% of their portfolios to them. From the supply side, when copper prices rise, production can expand. When oil prices go up, extraction can increase. But Bitcoin’s issuance rules won’t change just because the price rises. (This aligns with Saylor’s view.) If institutional allocation percentages keep climbing, the new capital will face a supply mechanism that’s inherently inelastic. Of course, existing holders can still sell. He even joked: I can’t believe there are still people flipping Bitcoin back and forth between $83,000 and $86,000.