The last round (and also the final round) of the crypto bubble was the result of extreme misallocation of capital, especially in the context of the AI-driven Fourth Industrial Revolution. These bubbles were driven by excess liquidity, with people betting on technologies aiming to change the world. This technology, in the form of AI and robotics, will drive and capture real economic value. So unless there’s a major shift in fundamentals, the full-scale crypto bull market is completely over. -----Wesley