Crypto will be more correlated to macro than ever before going forward. Think this is obvious now. 

The crypto four year cycle framework is dead and will do a lot of damage to crypto traders who fail to adapt.

Greater fool theory investing in alts peaked last cycle, and this time around we had a few more retail gamblers PVP against previous cycle survivors. 

Fully believe good fundamental investors will do well in crypto over the next few years. Of course fundamentals + strong narrative is the cocktail for bigger outperformance. 

There are clear categories in crypto with PMF (DeFi, stablecoins, RWAs) that have mature products earning real revenues that will grow massively over the next five years.

The days of egregiously overvalued useless infra are over. Accept that and adjust.

Markets trend towards being more efficient and less irrational over time. Crypto is no different.

You have the time now to do your research and identify protocols and apps that fit the bill.
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