We overfit narratives to make it seem so obvious but in the moment it never is

Last cycle: obviously we would have a bull market during covid as people were inside and we had a flood of liquidity pumping assets across the board

I'll just remind you that during that time you had plenty of reasons to be skeptical and sidelined 

as we sit here today, many alts are down -75%+ from the high. it's even more painful as equities are at ATHs and Bitcoin is only down 12% from its peak in March

quite simply we haven't seen as many inflows as we did front-running the BTC ETF in Q3/Q4 last year

is the cycle over? hmm, we just had an ETH ETF approved and few predicted it would happen this soon

spending more time in crypto doesn't necessarily help you because you accumulate traumatic experiences and that leads many to become overly skeptical and, worse, cynical