Your $ONDO bags are probably fine. Your BTC/ETH/SOL bags are where conviction sits. But $ONDO might be where rotation alpha shows up.
Hear me out:
$ONDO
→ Tokenized real-world assets narrative
→ Bridging TradFi yield + DeFi composability
→ Exposure to Treasuries / money market products onchain
→ Not just “crypto yield” — macro yield brought onchain
→ Still early in institutional adoption curve
→ Narrative tied to rates, liquidity, and RWAs
Why it matters:
→ If RWAs actually scale, this isn’t a niche sector—it's a new base layer of capital markets
→ If they don’t, it stays a narrative trade with strong cycles
One is infrastructure. The other is financial plumbing upgrade potential.
Both in the stack. Different time horizons.