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…

This quote highlights the growing wealth inequality that occurs as successful individuals amass more and more wealth. It also suggests that these individuals may be more inclined to take risks in order to further increase their wealth, which could explain why alternative investments and startups are receiving funding. The pursuit of rapid wealth accumulation can often drive individuals to seek out unconventional investment opportunities.