[panarky]

Maybe all the talk about the death of crypto just reflects where we are in the cycle.

The mood feels similar to late 2018 when most people weren't paying attention at all, and the few who were paying attention were just disgusted by the whole thing.

When the conventional wisdom is that everything from art to sports to real estate will be imminently cryptoized, you know it's frothy, and near the top of the cycle.

When the conventional wisdom is revulsion and disgust then maybe we're another six to eight months away from not thinking about it at all, which is probably the bottom of the cycle.