Crypto is not over.


In fact I think crypto is very far from being over.
Ignore CT noise, and just look at the data:
1. Crypto has grown from a market worth less than $20B in 2016 to more than $2T today. Even after multiple bear markets, we still continue to attract capital.
2. Stablecoins have expanded into a $300B+ market. This is important because stablecoins are increasingly being used for payments, settlement, remittances, and onchain commerce.
3. Bitcoin ETFs, corporate treasuries, and traditional financial institutions have brought unprecedented levels of capital and legitimacy into the space. Even though there are concerns about centralization, I strongly think that institutional involvement has brought a high level of credibility.
4. The industry has grown from a few hundred projects to more than 16,000, reflecting continuous experimentation, investment, and innovation.
5. Bitcoin's hashrate continues to reach new highs, showing sustained commitment from participants securing the network with real capital.
Also, bitcoin volatility has gradually fallen as liquidity, participation, and market depth have improved. This is a sign of an industry that is maturing.
Every cycle, we have more infrastructure, more users, more capital, and more adoption than the one before it.
Load up those spot bags. We're not going anywhere.
BTC-0.86%
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