@dpp @petrillic at this point, i’ll say i’ve no idea. by traditional metrics, yes, it’s a bubble, but it has been for a long time.

crypto has proven, though, that assets can fly strictly on game theory for a long time, and crypto doesn’t (well, ‘til recently hasn’t) enjoyed the tacit but assertive backing of the economic policy apparatus.

i’d agree most likely collapse scenarios would see both crypto and equities plummeting, but there are also flight-from-USD scenarios that might favor crypto.