I had imagined many times what the bear market moment of this cycle would look like. With Trump, a ProCrypto president, taking office, and the crypto fundamentals being much stronger than the past 10 years, now we can see it—it’s the collapse of faith in Crypto. More and more people are starting to dismiss Crypto as unoriginal. Even seasoned insiders like Multicoin’s former Partner are surrendering and fleeing. This sense of despair and suffocation is the long-lost taste of a bear market. But @DoveyWan is right—experience cannot be compressed. Time is the only chip that no one can cash out. To all my comrades in life, we will get through this.