Hivemind: Macro News Bearish, Crypto News Bullish & What We’re Bidding
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The thing I I think that that's happened with especially since since Trump is that just a lot of the corruption and scamminess that was, like, underlying this market got exposed. And then I think that plus the the announcement of the reserve last weekend having, like, XRP and Cardano in it, to me, it's just like for me, it was like the administration just doesn't understand crypto or just lumps it all in as basically a grift. And so there's no differentiation between, like, Bitcoin and Cardano and XRP. But it's like all this regulatory all the regulatory good news just can't seem to pump the m
No. It's all it's it's all macro. Everything because everything there's been a lot of good announcements in, like, for crypto macro over the past month. Basically, every case is getting ended, which is, I guess, like, the biggest one. It seems like a lot of these ETFs are eventually gonna go through. Obviously, there's talk about reserve and all that. The SEC seems like they're putting together, like, a pretty friendly team. And so everything from crypto macro has been fine. But, yeah, it's totally driven by, you know, the top, right, the overall market. And this tariff stuff has obviously bee
I definitely think that the macro stuff kick started it, but I think there's, like, a lot of kind of structural supply and demand imbalances, like, going into this. And then crypto is, like, super far out on the risk curve, which just causes, like, alts to to make a new. Like, we had, you know, all of the the meme coin extraction, that was just, like, ramping to, like, a pretty insane pace. And I think just, like, general exhaustion from, like, new launches. And then, like, the macro stuff just kinda, like, tipped the hat in one way. Because equities are only down maybe, like, you know, less t
Yeah. It's been, I think, the most kind of extractive bull market. Right? And and that means it's it's a bit of a ticking time bomb. And when I say extractive, you know, you have pump fund. Right? All every you you you always get those tweets about them selling. So, like, that's just money taken out of the ecosystem. I think these president coin launches, you know, have done it in massive size, right, like never before have you seen low nine figs kinda just drained out. And so, I I you know, there's I think that stuff is really hard to that takes time for new money to flow in. Right? Like, the
I mean, the Malay scam and and the the all that stuff was pretty pretty bad for crypto too. People finally got to see, like, behind the curtain of what's happening with most of these memes look, meme launches and this narrative that these things were for the people. You know, fair launch compared to utility coins is just, like has always been kinda total bullshit.
I think, though, that this is what kinda happens when there's, like, a new game slash narrative in crypto is that it starts off, like, relatively organic. Like, the early memes, people bought because they like the memes, you know, like, honestly, for for the majority of it. And then, you know, WIF I think WIF was, like, pretty organic. You could say maybe there's some cabal stuff. I don't know going on with that, but I think that was, like, mostly pretty organic. And then, you know, some of the earlier meme coins, I think, like, Bowden and and stuff like that. But then, like, the further this
know,
I think we're, like it seems like we're moving on from the market we had, you know, in 2024. Twenty '20 '5 is a very different market. Like, the common theme is dispersion is still there. Right? But I think what will get bid is,
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