. It arises from structure, liquidity, and macroeconomics. Crypto, for me, is a consequence of a saturated, indebted global financial system with no alternative but to print.
When global liquidity (M2) expands, it does not remain still. It seeks networks, infrastructure, and systems capable of absorbing capital at scale. This is where crypto comes in — not as a casino, but as the financial layer of the next cycle.
Price is not defined by total supply, but at the margin. When net supply dries up and the flow comes in, the market does not move in a straight line; it reprices. This is why 'absurd' movements happen and catch most people off guard.
That's why my conviction in assets like AVAX and XRP. Not for promise, but for positioning: tokenization, RWAs, institutional integration, speed, scale, and network effect. When big money needs these networks, the price won't ask for permission.
Those who only look at the present call it exaggeration.
Those who understand macro, network, and liquidity call it inevitable.
