What Is the Benner Chart (and Why Bitcoiners Should Care)?

Why the next six years may matter more than the last six months

WARNING: THIS IS NOT FINANCIAL ADVICE AND YOU SHOULD NOT USE THIS INFORMATION SOLEY TO MAKE A BUYING OR SELL DECISION!!!!!

Executive Summary (TL;DR for skimmers)

• 2026 is a classic late-cycle year under the Benner model: high optimism, elevated prices, and rising downside risk.

• 2027–2029 likely represent a prolonged digestion phase: volatility, drawdowns, b…