2025 has been such a depressing year for crypto BTC is down 30% from its ATH, the entire altcoin market has been decimated Meanwhile Gold is up 70% YTD, Silver is up 160% Maybe that's one of the reasons why crypto has been such a shitshow this year Previous crypto cycles saw huge influx of retail capital This cycle most of the bidding has been done by institutions, DATs and Saylor Why would retail money flow into crypto when tradfi & precious metals have given such significant upside with way less risk And every time retail has entered crypto, they've been burned And while I believe retail money will flow back into the crypto market at some point, most of it will go into BTC and a select few altcoins Because no one would be interested in speculating on dogshit altcoins and all the dog & cat coins.(Lark Davis)