The market placed a massive bet on crypto integrating smoothly with the existing financial and political system.

That bet failed. The unwind has been brutal.

➢ No nation-state hedge

➢ TradFi building private rails, not paying for public chains

➢ Trump narrative fading

➢ AI x Crypto linkage still unproven

But underneath the wreckage, the real thesis is intact.

Individual sovereignty. Privacy as a moat. AI lowering the cost of building everything. Look out for onchain businesses generating real revenue outside traditional frameworks. Here are some examples👇

$HYPE $SYRUP $PENDLE $AERO $ENA

Crypto's forward case isn't system integration. It's system exit.

BTC

76,467.11

-2.43%