How beautifully — almost masterfully — the American establishment once again “took care” of the public. First came the crypto president, then a presidential coin, talk of a strategic Bitcoin reserve, massive conferences, and endless coverage on CNBC, Bloomberg, and Fox News. Everyone confidently explained that the future had already arrived, that regulatory clarity was just around the corner with the Clarity Act, and that growth was practically inevitable.

Investment funds were buying — so ordinary people felt they should buy too. States talked about reserves — so it all sounded serious. Even Arab sheikhs and princes were drawn into the celebration of digital prosperity. The entire year of 2025 seemed devoted to the idea that crypto was the new oil, while skeptics were gently reminded that they simply didn’t understand progress.

The Trump family tweeted “buy, buy, buy,” influencers explained that every dip was an opportunity, and analysts kept drawing endless arrows pointing upward. Then, somewhere around October, the quiet unloading began — while the positive news flow continued. After all, liquidity doesn’t create itself.

And then, suddenly, the music stops. The tone of the news changes, talk of crypto reserves fades away, the long-promised “clarity” gets postponed indefinitely, and the market is left alone with reality.

Of course, it’s all just a coincidence. A coincidence that the hype was global. A coincidence that major players entered early. A coincidence that optimism faded exactly when liquidity dried up.

And one more observation worth considering: when markets fall, the dollar rises. Not because it suddenly became better, but because in times of fear, money moves back into cash. Billions and trillions look for safety — and somehow the most boring currency in the world ends up winning during the most “innovative” times.

But of course, it’s just the market. Free, fair, and completely immune to mass psychology.