just wrapped a call w/ some frens — kinda dying for an iced coffee w/ condensed milk rn. but it’s 2:30am in tokyo, so i’ll chill. every time i look at our team & product from the outside, it’s like getting hammered awake. when ur deep in the weeds, it’s easy to miss the big picture. but one sharp hit from a pro shows u exactly where u stand in the mkt — that’s where the edge (and pain) is. this cycle feels v diff from 2018–2021. investors r more rational, and every cycle’s got its chosen ones. nfts? no one talks abt them anymore. ape pfps turned into exit liquidity signals. ppl dropped .eth from their handles. “ultra sound money,” “programmable currency” — all just narrative games in hindsight. now everyone’s back to believing in btc, like they never stopped. true crypto-native opps r getting rare. we’re all fighting for niches — the big platform lanes r already taken. btc hitting new highs won’t be easy. it’ll be volatile af. the key is finding a good pitch to swing at. imo if spx hits 4500 ~ish, risk assets could flip back to being buyable — btc included. til then, stay patient. keep building. for u, for me.