how many cycles under ppls belt yet they still need a 'thesis' why beta asset outperforms alpha asset during peak froth, after alpha outperformed on the come-up, like every single financial cycle & sector ever, it's not even crypto specific occurrence, study stocks, leading asset % return diminishes late-cycle while ppl chase beta, they can argue all they want how 'deep' the beta hole goes, but one thing is for sure - it's surely as deep as Ethereum with ETFs and Blackrock behind it.

a lot of you sadly have PTSD & don't remember the glory days of ETH in 2021

2025 will be no different, future of finance, until the top, then it's a scam again like everything else, simple concept really