This system has people paying so much to try to cover basic needs that we would think at some point things unravel but there is no reserve requirement for the banks so they have an infinite money hack until everyone defaults on everything and the chaos makes the recent LA riots look tame.
It reminds me of this Shinedown song. "The bills will make you Dance"
I was looking at a lot of pricing yesterday and a lot of the alts just haven't popped off like they did back in 2021. Total TVL across all chains looks lower than it was at the peak of last cycle and my biggest question is if people are just tapped out on crypto in general and rotated to sports betting. I see tons of ads promoting FanDuel and various other sports betting platforms.
Personally I do think we will have that last run for this cycle in Q3 and Q4 of this year and I'm dialing in for all of that. We could retest $100 Solana and really have additional buying opportunities for that last leg in my mind.
RE: It Is Very Likely That the Cycles Are Over