What if we aren't entering another frenzied bull market, but instead are at the start of a cycle that will be longer, slower, and bigger?

My case that crypto is hitting a turning point towards coherent growth and institutional recomposition:

https://words.jonhillis.com/crypto-is-entering-the-deployment-phase/

“The very success of the successful generates enormous wealth and concentrates it in a small proportion of the economic agents, who in turn want to multiply their wealth at the same vertiginous rate at which they made it.” — Perez, Technological Revolutions and Financial Capital

And we wonder why alt L1s keep getting funded…

“In the frenzied and confusing atmosphere of the casino economy, the core industries of the revolution are still the safest and most exciting game. They exercise a violent, magnetic attraction on financiers and on anyone who has any money to spare.”