After selling all my crypto before the rate cuts and seeing a 20% correction, I’m slowly starting to feel more bullish again. Some thoughts on the market and how I’m positioning myself: We just came out of one of the best periods politically and regulatorily. On top of that, we had public announcements of DATs injecting billions into the market, and the whole world started front-running it. But the consensus on CT was still that the 95% expected rate cuts would trigger the golden bull run. There were too many signs that we needed a correction. But the hype around DATs has cooled off, and that’s one of the main reasons I’m starting to feel more confident again. Overall, my positioning hasn’t really changed. I still think holding majors is EV- for a few reasons: - Most people only think in terms of risk/reward, but forget about opportunity cost. If the only alternative to crypto was holding dollars in your bank account, I’d probably be all-in crypto. But the landscape has changed. Stablecoin providers are throwing money around to grab market share, and there’s free money lying around waiting to be picked up. Extremely attractive yield farming with stablecoins is the new benchmark. It’s no longer just crypto versus dollars. - I’ve been saying it for weeks, but it’s getting more obvious every day. We’re in a new era of altcoins with real businesses, real revenue-generating products, and buybacks. The altcoin market looks too juicy right now to park liquidity in majors. I think a portfolio with 80% stablecoin farming and 20% altcoins will outperform a 100% majors portfolio, with much less downside risk.