Current thinking:
The bitcoin bubble this cycle will be most pronounced in stocks and all the tradefi leveraged shineigans going on
the emergence of so called "treasury companies" is a sure sign of froth in markets - traditionally companies try to create value, but these companies are basically arbitrage on the premium tradefi is paying (remember gbtc premium?) - but this can quickly turn into discounts and liquidations and mass panic
Bitcoin always sniffs out this kind of stuff and destroys them eventually
Companies first time FOMO buying later in the cycle and blowing up seems likely.
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Are cycles still a thing? At this point Iām not sure.
Feel the same way. Using cycle in the sense of the end of this bull market, not necessarily the traditional four year cycle.
