💣 Galaxy CEO: Is the "Era of Huge Profits" in Cryptocurrency Coming to an End?

Mike Novogratz directly stated a heavy remark:

The "speculative era" of cryptocurrencies may soon be over.

What does this mean?

In translation —

The crazy stories of tenfold and hundredfold returns may become fewer.

🧨 What has happened?

He mentioned a key point:

📍 October 2025

Massive leverage liquidation

Retail investors and market makers being cleared out

Liquidity collapse

This is not a normal pullback,

but a "structural liquidation."

Many people think it’s a black swan,

but he said —

This is more like a switch in market phases.

🧠 What is the real change?

In the past few years:

Meme frenzy

Leverage skyrocketing

Wild fluctuations

Retail dominance

The future may be:

Real-world assets (RWA) on-chain

Institutional funds entering

Decreased returns

Converging volatility

In simple terms:

From the casino

to financial infrastructure.

💭 What does this mean for ordinary people?

If he is right:

✔ The myth of 100x returns will decrease

✔ Funding will be more rational

✔ High-risk funds will be squeezed out

✔ Long-term projects will benefit

But it also means:

❗ The gambling market is shrinking

❗ The difficulty of getting rich quickly is increasing

🔥 The harsh reality

If there are no high-multiplication bubbles,

will you still stay in this market?

Many people love the volatility,

not the blockchain.

Many people believe in profits,

not the technology.

🧊 Deeper signals

When institutions become the main players,

the market will no longer operate around emotions,

but around:

Cash flow

Balance sheets

Real applications

This is not the language of a bear market,

this is the language of a mature market.

But note one thing:

Every declaration of the "end of speculation" has appeared in history.

What truly ends is not speculation,

but the chips of retail investors. $BTC $ETH #黄金白银反弹 #易理华割肉清仓 #何时抄底？ #Bitcoin谷歌搜索量暴升