Personal update: Been taking a break from crypto (been grinding since 2017) and I’ve never really taken a break. The last few months have been extremely difficult for me. It’s been a lot of ups and downs and it’s been disappointing to see crypto utility plays underperforming. This asset class is still the best asset class in the world in terms of retail participation and the ability to invest in startups with instant liquidity. The problem is the structure is broken and this space is filled with scams, vapor, and memes. I was one of the early investors of $Luna and even though it collapsed, at least push at forefront of innovation. Payments, savings, and investments were all revolutionized by $Luna. We have an incentive problem in crypto. There just aren’t many great entrepreneurs willing to put in the work to push crypto innovation to the masses. And VC’s are investing at crazy valuations in crypto startups that don’t support retail participation. Thats why memecoins became so popular because VC’s pushed retail to invest in memecoins instead of their low float, high FDV shitcoin. Not too mention, crypto startups gets too high of valuation in too short of a time which gives founders no incentive to push innovation since they already became millionaires once token gets listed on exchanges. I still believe in this space and I see hard working teams in the crypto x AI space pushing for adoption. Right now, I’m focused on my mental and physical health and not eager to invest in new projects until we see a new narrative or more innovation. Right now, im hoping the market is cleansing the filth in this industry. Crypto projects needs to start generating revenue and pass that revenue to token holders in order to survive this cleanse. Thank you for all the support for the last 4 years! Crypto is still undergoing growing pains. But the #1 rule in crypto is to survive. Take healthy breaks if you need to, don’t lose all your money, invest in real estate. Gonna come back stronger from this! Love you all, Alpha Out ✌️
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