This is an outstanding example of why you can’t take any long term crypto investment for granted, and why I’ll be hard-pressed to buy virtually anything excl BTC inter-cycle. Circle went from “yeah it’s crystal clear they won the stablecoin game” to a simmering leading edge consensus crystallization of “yeah looks like circle might be cooked”, within a span of a month or two.
I ultimately don’t know what happens re: circle, but it’s just a perfect illustration of how tenuous stuff is on an even 1-2 year timeframe.
Other than BTC and *maybe maybe maybe* chainlink, not sure what else I’d be comfortable buying longer term, assuming we get a big price crash down the road. Remember when eth looked like a consensus obvious 2k>20k trade, and then L2 UX turned out to be an abomination, and sol ate its lunch? You really can’t set and forget in this industry.
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