1/🧵 The next crypto supercycle won’t be led by memes or L2s. It will be led by boring assets — bonds, treasuries, funds — quietly moving on-chain.
Most people still don’t see it.
Retail investors have placed more than $70 billion in orders for SpaceX’s upcoming IPO, nearly enough to cover the entire $75 billion raise by themselves.
- Only 20% of the IPO is being allocated to retail
- That retail demand is 2.4x larger than the previous record, Saudi Aramco’s $29.4B
This is extreme retail FOMO at a $1.77T valuation.
While it shows massive public conviction in SpaceX’s multi-front dominance, the extreme imbalance between demand and the tiny retail slice sets up classic first day frenzy followed by potential post-IPO volatility once reality and lockups hit.
If you haven't even THOUGHT about DCA'ing Bitcoin at this point,
You are mentally deficient.
Whales didn't become whales by being scared of some draw down.
They STACKED quality assets when they were CHEAP.
Connect the dots or stay broke.
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