It's very possible crypto is in it's maturity phase. Crypto is an infrastructure trade (new financial rails). That infrastructure is largely built. What's left to speculate on? We might see adoption waves but...
compared to the AI trade which is not done, is wildly speculative, is in a huge build out phase to which the fruits are yet to be seen crypto looks mature.
We see this already. Most of the new capital is RWAs. That is not speculation on the infra just people using the new rails.
see Financial cycles - Carlota Perez:
Irruption phase: There is an intense funding of innovation in new technologies. Clusters of new revolutionary inventions appear. New industries are established, and the construction of new infrastructure begins.
Frenzy phase: Increased speculation and financialization leads to a decoupling between financial capital and production capital. Capital is invested more in financial innovations than in technological innovations. Asset bubbles are inflated.
Synergy phase: Growing inequality and political unrest. A need for political regulation of the financial sector is acknowledged. Asset bubbles may burst. The link between financial capital and production capital is repaired.
Maturity phase: The market for the new technology begins to become saturated. Social structure and infrastructure have adapted to the new technologies. Opportunities for investment are decreasing. The idle financial capital is moving to new sectors and new regions where it may lay the foundation of the next great surge.
https://t.co/qWny0Ka8zG
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Britain just put a number on what it lost when I left: 75/100. The Brain Drain Wall is tracking the talent leaving the UK. Find out your score. https://t.co/wVdPyHXvHu
@jamespotter@AxelMtbr If you just want to "grind" why is the weather important? New York is much more grindy in terms of less work/life balance/most people there just want to aggressively make it/work as much as possible. But big shifting to Miami now because more business friendly
@jamespotter I love how Londonmaxxin started as "London is the best tech/finance/AI hub in the world" and now it's basically just oooh look how sunny it is π
.@ssankar says Palantir is a "no slop zone":
"Internally, we got rid of legacy software like CRM."
Shyam says Palantir has always been counter-positioned against "legacy, thin software" that executes a "playbook built around rent extraction and no outcome delivery."