“Where’s retail?” Connected with some friends recently who used to be in Crypto but left the scene. Most got cooked from Luna / FTX crashing. No disposable income to invest due to increased cost of living. Finally, they rather invest in BTC than altcoins because it’s safer.

Asked which new tokens they know from this cycle. It was mainly Trump and Celestial. They asked “what’s new?” I said A.I. agents but they were skeptical why A.I. needs crypto.

For retail to come back, simply invert. They need disposable income = fed cuts Then retail needs to see alts outperforming Bitcoin by a large margin before shaking off the PTSD.

Things are tough out there man all my IRL friends are doing okay cuz their tough and hard-working but none have lots of excess capital to throw around by any means...

Yea tough spot. They want to be a degen, but most are in debt + barely have an emergency fund. What’s surprising is they have pretty good income.