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kontrapunktem je, že ve skutečnosti jsme v bublině (vždy jsme byli)
pokud si projdete Coingecko seřazené podle FDV, uvidíte stovky projektů v hodnotě miliard dolarů, které mají ve skutečnosti hodnotu 0 nebo možná jednociferných milionů

28. 8. 2025
We haven't seen anything like this yet... not even close.
Cycles are bubbles. Bubbles pop because of froth.
Where's the froth?
Is the dumbest guy you know a millionaire bc he bought monkey jpegs?
This is why it's so hard for me to have an actual opinion on where we are in the cycle.
"There will never be an alt season"
Well... alt season manifests bc the conditions present later in a bubble... so the fact that we haven't had one speaks volumes.
Timing wise... sure, it should be 8th inning if the 4y cycle is in tact... but nothing else is flashing red.
This time is actually different... keeping an open mind.
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