18 months ago feels like a long time ago for people here on CT
That's wen we ran WIF up to $4bn market cap
Also wen BTC ETFs were introduced to tradfi
For chadfi, 18 months is a blip
They're gladly stacking BTC (& select few other coins) meanwhile, at 95% discount to gold
No care is given by this capital about a 4 year cycle that happened twice in crypto
If the cycle extends - which I believe - then the chasing by many people will be vicious
& many will be left to rue their belief in a phenomenon that only presented itself twice in a young category during tiny speck of history
Les see how we roll
Also already had nice correction here
& $3.2tn total crypto market cap - of which BTC is the majority - is so laughably small that don’t believe hoping for a normal cycle makes a ton of sense from here
Dyor
These are the roaring 20s & we’re somewhere in the middle of it imho
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