Rn
698 posts


There’s so much pessimism and short-term thinking on cryptoassets these days that the R/R is tilting towards optimism and long-term, sized, high-conviction positions in distressed, public, cryptoassets.
That said, the time isn’t yet now, imo. I shared my view @ $109K that $BTC only starts to get interesting < $75K, and a revisit of the 200W SMA is always possible (~$56K currently, will trend higher), with all of those numbers still representing a mellow bear. Can we go lower? Sure. Pay your taxes and let’s see what 2026 brings.
Observing discourse & price-action around $MON, which is one of the highest quality teams to launch in the last few years (yes, I’m a venture investor in it), and sits at a tenth of the FDV of previous high-flyers in its category, while having superior tech & design choices across the board, shows how much repricing is happening. Starting low is a good thing, even if it goes to <= $0.01 next year I can see that washout being healthy. I’d happily accumulate. Every major cryptoasset has had washouts, that’s what creates opportunity and interest.
More broadly, the vicious repricing happening in crypto is cathartic. Everyone is taking their licks, and smart ones will learn and adapt. Most cryptoassets should go to zero — this is liquid venture, what did you expect?
But, there are going to be a handful that reprice far too low as the babies are thrown out with the bathwater, and having the conviction, at the right time, to be optimistic when the consensus is pessimistic will once again yield 10-100X’s.
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