I had been in crypto since 2017 before quitting earlier this year. I liked the idea of $BTC and #crypto in general, but it's been a complete failed experiment that's been getting worse.

$BTC and #altcoins captured the speculative capital as it's now clear with speculative stocks mooning while alts went to $0. Crypto no longer even pretends to build anything useful it's just casino infra and casino chips(and it even failed at that this cycle).

$BTC itself no longer even has use cases. It was always horrible at payments since it doesn't have reversability(essential across the financial industry). It's never acted as a store of value. It's not good for permissionless transactions since it's fully public and KYC gated/traceable.

It sold its soul to the devil when tradfi introduced an ETF. It's not even a capped number of coins since the coins get rehypothecated(ironic since it started in response to printing dollars). It has no yield or industrial value. It's just based off speculative appetite. Giving it over to institutions goes against everything $BTC ever stood for: not your keys not your coins. It also increases the attack vectors as it gets concentrated in a few actors.

The 4 year might be over imo and it won't be to the upside unless we just see another round of infinite printing and speculation. The risk adjusted return has been pathetic as well in recent years if this is the end of the cycle. If confident is lost and price goes down for a while who'll buy it next?