Every cycle has that one moment where fear hits harder than logic. I’ve seen this movie before, and I know how it ends.

The more I analyze the crash from two days ago, the more I realize how much it mirrors March 2020 - not necessarily in fundamentals, but in psychology.

Obviously, even if it might look similar on the chart, it was fundamentally very different.

Back then, the whole world was going crazy: it was a full-on panic dump, pure capitulation driven by fear. Then came a massive wave of monetary expansion combined with zero interest rates, which triggered one of the craziest pumps crypto had ever seen.

Most altcoins, including $ETH, dumped around 70% within just a few days during that crash, only to go on the most explosive run and mind-blowing altseason in the 12–18 months that followed.

$ETH did a 50x from the bottom, while major alts like $BNB and $ADA delivered well over 100x returns.

When the crash happened in 2020, it absolutely wasn’t obvious that this was what would come next. Honestly, I was scared as hell and wasn’t sure whether crypto, or even my role in it, would survive strongly enough for me to make a living.

It was only my conviction in this space, my willpower, and maybe a bit of FOMO, that constant “what if”, that made me keep going.

Just surviving turned out to be one of the best decisions I ever made.

Sure, this time is different in many ways - macro, structure, market maturity - all of it. So just comparing charts from four years ago to today isn’t as simple as some make it look.

Still, the more I think about it, the more I come to a few conclusions:

1) This industry is here to stay, nowadays more so than ever before.

2) While I was strongly convinced over the past months that we’re in a classic four-year cycle, I now see a real chance that this bull market won’t peak by the end of this year, but could extend deep into 2026.

3) Personally, I’m still a strong believer in an altseason yet to come. If there was ever a time to call capitulation and a bottom for alts, it was two days ago.

That brings me to the final question everyone should ask themselves:

You either believe that fundamentally strong alts are dead OR you believe this is the new internet, and that somewhere in this flood of projects lie the next Facebook, Instagram, or Robinhood. The next generation of billion-dollar companies.

Given that I believe in the latter, I strongly believe we’ll see similar runs for fundamentally strong alts as we did post-COVID.

I strongly believe that in the next 12–18 months, some sleeping giants will run more than 100x.

I strongly believe that those who don’t lose faith, those who don’t give up, will experience life-changing gains in the next 12–18 months.

And I strongly believe it’s far from being over for crypto.