What happens now is that people will either quit or realize buying Bitcoin is the only viable long-term option.
No leverage, no altcoins, etc.
Just Bitcoin in self-custody.
The next round of Bitcoin maximalists are being forged.
There wasn't a new wave of altcoiners so this doesn't make sense
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It was stonks
There were a whole bunch of folks chasing treasury companies which can be considered alt coiners
And there are still a ton of shitcoiners out there