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Cryptocurrency and Encyclicality in the Markets?
crypto does have elements of booman bust in it by its nature, a sort of being hypercapitalism. So we know that all markets have boomin buss cycles on long enough time scales. And and so i think that this cyclicality has a lot to do with when kind of the upsides have been priced in or when some of the downsides that haven't been priced in. Or if they're just too poor? Well, what happens actually is people just have different priorities," he says.