[pault]

If you use the log chart you can see the fractal nature of the price curve, which has multiple instances of the hype cycle.

Edit: I don't think fractal is the right word. But if you are using the log scale you can see the fluctuations of relative value and the hype cycles become much more clear. There have been several. Also, GP is saying that if you average out the spikes and dips you lose the "rise and fall of bitcoin" angle.