really nice thesis! probably for many crypto-native users it just seems like we speedrun a lot of narratives this cycle and that's why it "feels" kind of extended already. But I fully agree with your take that it's more likely that the cycle is only 1/3 through or so. I like your reasoning, seems very unbiased and objective. Great write-up overall. TLDR: buy more
So much of what you wrote resonates with me. Especially the bit about similar conversations now and in 2022. Also, your take on why it’s a good thing that ETH ETF approval is delayed. Unique and interesting big-picture perspective.
really nice thesis! probably for many crypto-native users it just seems like we speedrun a lot of narratives this cycle and that's why it "feels" kind of extended already. But I fully agree with your take that it's more likely that the cycle is only 1/3 through or so. I like your reasoning, seems very unbiased and objective. Great write-up overall. TLDR: buy more
So much of what you wrote resonates with me. Especially the bit about similar conversations now and in 2022. Also, your take on why it’s a good thing that ETH ETF approval is delayed. Unique and interesting big-picture perspective.