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All of the following rhymes with late 2020:
- The formerly aggressive regulatory regime has been removed and a friendly set of regulators are coming in; last time the Trump admin was aggressive to crypto via Mnuchin, and Gary Gensler was seen as the saviour ("He taught blockchain at MIT!"), this time Gary is the villain and Trump is the hero 😅
- Unprecedented institutional adoption; last time there was El Salvador and companies like Tesla/Microstrategy putting BTC on their balance sheet, this time it's a strategic bitcoin reserve for the U.S.
- Large cap dino-coins with insane price action no one saw coming; last time Doge, this time XRP
- Market dynamics shifted via a novel tradfi investment vehicle hoovering up coins; last time GBTC, this time the ETFs
- Novel onchain use cases have been percolating and seem ready to hit the mainstream; last time DeFi and NFTs, this time socialFi, memes, and AI agents/coins
And overall, just the vibes, it just *feels* the same, I don't know how else to say it 0 reply
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