Simonon

A take on VCs, from a VC:
Most crypto VCs will not survive the next 3 years. And honestly, good riddance.
This industry has matured more in the last 12 months than in the previous decade. Real regulation. Real institutional adoption. Real revenue-generating products. Real founders building real businesses.
And yet most VCs in this space still operate like it's 2021. Only invest when they get ridiculous discounts, slap a logo on an announcement tweet, ghost the founder, wait for TGE and unlocks, dump on retail, repeat.
Zero conviction and zero value add. Many such cases.
Good thing is that this

Unpopular opinion:
Crypto will outperform AI from here.
AI is the consensus trade by now. Almost every single dollar today flows into it at peak hype and absurd valuations.
At the same time, crypto is being priced like it's going extinct, while its fundamentals look stronger than they ever have.
Without a doubt, both are amazing technological revolutions that are here to stay. It's just that the best returns always come from the trade that feels wrong, not the one that feels obvious.
The crowd is rarely wrong about the what.
But it's almost always wrong about the when.

Who the hell funneled $750B through Meteora last week lol

The next 100x won't go to the person who found it first.
It'll go to the person who held it longest.
And that's why most of you will miss it.
Again.

Remember when I called Aster the insider ponzi it turned out to be?
Remember all the cabal accounts and KOLs going after me while shilling it to you for exit liquidity?
Well, Aster TVL down -67%, daily fees down -90%, $ASTER down -71%.
And based on current traction vs FDV, looks like it can still go infinitely lower.
Ponzi copycats are dead.
Long live Hyperliquid.

The best communities in crypto were never incentivized. They never needed to be.
I know most of you hate hearing this, but airdrops were one of the dumbest things this industry ever normalized. Billions of dollars spent to bribe people into clicking buttons they never would have clicked otherwise, just for them to dump the token and never come back.
And don't come at me with Hyperliquid. Absolute exception. One that only worked because @chameleon_jeff built a product people genuinely want to use, one that prints revenue with or without an airdrop. Take the airdrop away and Hyperliquid still wi

Wanting to be liked is the most expensive habit in business. It makes you say yes when you should say no, hire for comfort instead of competence, and avoid the hard conversations that actually move things forward.
The best founders I know either didn’t ever have that weakness or killed it early in their career.
The rest stays stuck because they’re too busy trying to please everyone.
I’ll never understand why anyone cares about the opinions of people who are holding them back anyway.

Everyone loves to cry about how they would’ve been a multi-millionaire by now if they had just bought Facebook, Google or Airbnb in the mid 2000s.
Cool.
Crypto is literally giving you that exact same chance right now. A new financial system being built from the ground up. Most assets-90% below highs. Fundamentals stronger than ever. Institutions racing on who can adopt it the fastest.
And what are you doing?
Sitting on the sidelines doing the exact same thing people did when Facebook was “a website for college kids” and Airbnb was “strangers on air mattresses.”
Doubting and waiting for confir

Unpopular opinion:
Most likely we are already in a bull run, but it won't ever feel like a bull run again.
Cycles are dead. There won't be a 3-month mania anymore where everything 100x's and your barber asks you about altcoins.
It'll be stablecoin volume quietly doubling. RWA TVL hitting $100B without a single CT thread going viral about it. Crypto companies posting actual earnings. Boring products serving real people in real markets.
It will be slow and hardly exciting for most.
But it will be steady, sustainable and it will be compounding long-term.
Most of you will miss it because of your

Seeing crypto natives leave the industry after getting everything they wished for over the last decade is honestly pathetic.
Pretending to revolutionize finance while everything they ever actually wanted was playing online casino.
The best thing that has happened to this industry is that these losers are leaving while we're replacing them with smart money and multi-billion dollar institutions that bring the right mindset.
Crypto as the Wild West we've been used to over the last 10-15 years is dead. Just accept it.
Crypto as the revolution to bring 24/7 finance onchain, making all kinds of asse

If you never really fucked up, then you never really tried.
The only thing blocking you from success is you.

If you’re a founder and frustrated about the current fundraising environment, just remember:
OpenAI raised $122 BILLION while losing the race to Anthropic.