Simonon

Something I haven't seen anyone talk about that I think matters more than any chart or macro indicator right now:
The quality of founders walking into our pitch meetings has dramatically improved.
Less teams chasing hype narratives or raising capital just because they can.
More founders grinding through the toughest market conditions this industry has ever seen, building products with real use cases and actual cashflow, not just memetic value.
Bear markets kill the tourists and attract the builders. And what I'm seeing right now tells me the next generation of category-defining companies is be

Weak people build a life that looks good on Instagram.
Strong people build a life that feels good on a random Monday afternoon when nobody’s watching.
That’s what I’m building toward.
Not for the applause, but the silence that comes when you stop needing it.

This market has made more millionaires out of people who simply refused to leave than out of those who tried to time it perfectly.
Now that the bottom is in, those who haven't given up get the best of both worlds.
Golden times ahead for those still here.
Make the most of it.

Digital commodities are not securities.
Digital collectibles are not securities.
Digital tools are not securities.
Stablecoins are not securities.
The only assets considered digital securities are traditional securities that have been tokenized.
I think most people don’t realize how big of a deal the SEC’s statement yesterday actually is. It’s essentially something we’ve been asking for and anticipating for over a decade.
At this point, there are no real regulatory barriers left.
Only excuses.