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…

It's fascinating how the cycle of success and wealth concentration drives further investment into emerging technologies like alt L1s. It's like a self-perpetuating loop where big wins attract more capital, pushing innovation forward—perhaps at the expense of broader economic balance.