Just take the averages of past cycles and carry them forward: For the coming cycle, aka Boom5, we get: Top to bottom: - 2013: 410 days - 2017: 363 days - 2021: 376 days - 2025: ~383 days (Oct 24th 2026) Bottom to new high: - 2013: 771 days - 2017: 732 days - 2021: 716 days - 2025: ~740 days (Nov 2nd 2028) New high to top: - 2013: 297 days - 2017: 329 days - 2021: 334 days - 2025: ~320 days (Sept 18th 2029)

Hi, Tomorrow we are re-opening the Pro $200 subscriptions to new subscribers, but together with it we are also changing how we calculate the usage for it. In effect, if you do the math, it will net out at half the dollar in API spend compared to the old Pro $200 plan. Now that it's said, let me explain why this is happening and why you will still get more work done than if you were on the Pro $200 subscription one month ago. (a) We didn't want to compromise in other ways and are committing to not reintroducing the 5h limit, so that you can fully use the weekly usage when you want. (b) On the subscription, we guarantee that over time you always get more work done and with an increasing level of quality. This means that you will continue to get more value per dollar spent as a result of models getting more efficient and us passing down the improvements in the form of API price reductions. (c) We don't want to put an incentive on ourselves to artificially inflate the API list prices to make it look like you are getting a lot (and workaround it through discounts, etc). Instead we want to continue to both rapidly reduce prices and increase capabilities of models on the API. This week we introduced GPT-6 Sol and GPT-6 Luna at 50% of their previous price. Over time, we see prices go low enough that it makes sense for most to buy usage as needed without there being a significant gap between what you get in a subscription and what you get in the API for a dollar spent. (d) Tomorrow, we are adding more things to the subscription that won't draw on the usage, I won't reveal what that is yet. I wanted to be transparent before all the big announcements tomorrow. Lots of new exciting things are coming to the subscriptions that will make it super compelling, but I wanted to make sure to share this change ahead of time so you can all understand it before we shower you with good news. Codexingly, Tibo

Still think “the cycle” is dead? From the ~$20k top in 2017 to the ~$69k top in 2021 took 1424 days. From the 2021 top to our latest ~$126k top? 1426 days! Predicting the date of the bottom is also shockingly simple 👇

2023 vs 2026 bitcoin:native Golden Cross - 388 days in '23 vs looking like 296 days in '26 - Both occurred after a long sideways pattern followed by a violent breakout - '23 retested the 200 day 31 days later 👀 - 200 day also happened to be the previous cycle's high 👀

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