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Crypto is just a deregulation trade now.
DC has become friendly. Study the following examples:
• Airlines (1978) - Southwest up 10x from 1979–1990, industry passenger miles tripled
• Telecom (1984–1996) - sector market cap 4xd from 1984–2000, Cisco up ~100x in the 1990s
• Energy (1979–1985) - natural gas producers doubled–tripled in mid-1980s
• Financials (1980s–90s) - big banks 3–5xd from early 1990s to early 2000s
• Trucking & Rail (1980) - trucking stocks 5xd, railroads 4–6xd over next 10–15 years
• Utilities/Power (1990s) - IPPs 5–10xd in late 1990s
Jonah@jvb_xyz
@MikeIppolito_ I don’t think DATs are driving the market (though they are certainly driving mindshare on X) I think gradual investment into BTC is driving the market, as is deregulation.
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