Crypto is just so different now than it used to be. Things changed in 2024 with the ETF flows. From trading against retail, we’re now trading against professional institutions. Well, I guess this is why altcoins became so insanely popular in the autumn of 2024 (SPX, GOAT, FARTCOIN ++), because the crypto class of 17’ and 21’ was so tired of losing their edge on altcoins, that they had to go somewhere where the new TradFi players weren’t looking (memecoins). We are in the middle of a big change rn. People are not aping altcoins en masse anymore. Instead, we’ve had a rotation to quality altcoins (HYPE, ZEC, NEAR), and this is probably a trend that I could see lasting. What shapes crypto going forward? No doubt that what Saylor does has an impact on the industry. I am by no means an expert on this, but IMO it is not positive that Saylor alone soon owns 5% of the BTC supply. And the same situation we’re seeing with Tom Lee and Ethereum. Smart people are fading ETH and have done that for a very long time. Even the Bankless guys have sold their ETH, but I don’t find it especially interesting to buy it myself. It feels outdated. Hyperliquid is much more exciting.(Route 2 FI)