This cycle is different. 2021: DeFi is the future of finance, this time it's different. 2022: UST is the paradigm innovation of algorithmic stablecoins, this time it's different. 2023: Ordinals bring an ecosystem to Bitcoin, this time it's different. 2024: BTC ETF gets approved, Wall Street is here, this time it's different. 2025: AI Agent + Crypto is true mass adoption, this time it's different. 2026: … The script of every cycle: new narrative → new retail investors → new peak → new zero → next time it's different. The only unchanging rule: those who say this time is different always end up realizing that every time is the same. Human nature hasn’t changed, cycles haven’t changed, it’s just the same old tricks repackaged with a new buzzword each time. Next time someone tells you this time is really different, ask about their portfolio.