All Roads Lead Back to BTC
2017: The ICO Craze
The hype around ICOs promised groundbreaking technology but mostly delivered disappointment.
Much of it was Garbage.
2021: DeFi and NFT Summer
The market learned from 2017 and shifted focus to trading specific Layer 1s, NFTs, and utility tokens. While there was some progress, many projects still overpromised and underdelivered, leaving investors burned by poor token performance.
2024: BTC and Memecoins
This cycle’s narrative revolves around two extremes:
- Bitcoin – increasingly recognized as the best asset in the world.
- Memecoins – where value exists purely in narrative, driven by the memetic social layer.
Memecoins reflect a response to past cycles. After being burned by token utility claims, people now embrace the simplicity of narrative-driven tokens as honest p2p gambling. But here’s the catch: purely memetic tokens pump hard and collapse even harder/faster.
Don’t take my word for it—just look at the data. Memecoins top the charts in short-lived pumps, but their market caps crash as fast as they rise. Historically, when the meme market peaks, there’s a narrow window:
• 3 weeks to get in.
• 3 weeks to get out.
In memeland: The emperor has no clothes.
Meanwhile, Bitcoin is quietly infiltrating every fiat institution and asset class in the world.
*This isn't a judgment on gambling or how to use open networks correctly. Do whatever you want.
But while you stress daily chasing 2-5x daily gains with chump change.
In the end, all roads lead back to BTC.
*Originally posted to a meme crrazy dumb twitter audience