TL; DR
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We haven’t reached the mania phase of the current cycle yet, but inflows into the crypto space are already far greater than 2021 ($17.8 billion in ’24 vs. $10.6 billion in all of ’21).
Full story
Do you remember the good old days of 2021, when the crypto market was buzzing and hitting new all-time high, after new high?
Don’t you wish we could go back there?
Good news.
We are back. Actually – scratch that – we’ve gone further than just ‘back’, actually we have surpassed The 2021 market inflow.
As of 2024, the crypto market has already absorbed $17.8 billion in investments – nearly doubling 2021’s total of $10.6 billion, in just over half the time.
But that’s not the exciting part.
The exciting part is, our family doesn’t text us.
(Wow, okay… that sounded a lot sadder than it should have).
What we were trying to emphasize is this:
When the crypto market enters its ‘mania’ phase, like in 2021, you will find your non-crypto-native friends/family asking you for advice (e.g. “What’s going on with dogecoin? Should I buy in?” ).
This happens because crypto comes into existence suddenly everywhere, largely due to wild price increases.
…we haven’t reached the mania phase of the current cycle yet, but the influx into the crypto space has already outpaced 2021.
Which means that this influx is probably just the basis of equality wilder times yet to come.
Chills. Literal chills.