In fact, the BTC bull run had already begun in January 2023.

In March 2023, a narrative called Ordinals appeared on BTC, which you scoffed at, believing that this renaissance of colored coins was meaningless.

In April 2023, a meme called $PEPE appeared on ETH, and the attempt to represent culture and cult with tokens was novel; now you refer to it as a classic.

In June 2023, ETHS and ETHI led the Ethereum inscriptions, and you think this behavior of rolling back history is a scam.
In September 2023, a new BTC inscription protocol called Atomicals emerged. It is more advanced, but you think inscriptions have long been dead. What is the use of the new protocol?

In November 2023, the Solana meme bull run had already begun. $POPCAT was born at that time. But back then, you were playing inscriptions, imagining that now is just the crossover point between bears and bulls, and BTC ecosystem assets can span the entire cycle.

In January 2024, under the expectation that the Bitcoin ETF will be approved, BTC surged rapidly, and among altcoins, meme coins performed the best, establishing the main theme for 2024. The operations of the Solana Foundation,

In March 2024, Hyperliquid will allow you to open and close contracts to earn points, while you are still losing money trading contracts on CEX.

From April to October 2024, in the market we call the monkey market, the Solana meme showcased an exciting cycle, with cultmeme experiencing excellent growth in May and July. In September, the list proposed by Murad was followed by a surge of 10x in November, leading everyone to believe that the cult cycle was about to unfold. Unexpectedly, it turned out to be the peak of the cult meme, and the Al cycle was born at that time.
You "don't like" Solana, "don't like" AI believing it's all hype and not real "culture." You used to "not like" memecoins and preferred CEX, thinking it was a stable investment choice.

The market will not change because of whether you like it or not. You should like it.

New concepts, a preference for the next hype direction, a liking for narratives that cannot be falsified, and a fondness for all possibilities that can bring about change.

You "don't like" because you don't like change. You're like those VCs and feel like the market needs to follow their roadmap. You study privacy, you study DAOs, you study Layer 2, and you try to find the truth in the investment structure of VCs. You study DeFi, you study GameFi, you study SocialFi, and you want to repeat the "experience" of the previous cycle's success.

Crypto has only gone through three cycles, why do you think previous experiences will repeat in the present?

There are some things that finance will not change: capital always chases those narratives that are novel, imaginative, and unfalsifiable; capital always goes to places filled with liquidity, becoming the Matthew effect; but the patience of capital is limited, and cycles turn quickly.

Ultimately, new asset issuance methods and new asset classes are the new narrative.

Because ultimately, crypto is finance, and the essence of finance is the issuance and trading of securities.
Whoever can bring new assets, whoever can bring new asset issuance methods, whoever can bring new asset trading methods, will be able to lead the narrative!