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The Speed Trap — Syncracy Capital

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“In their intense meditation the hidden sound of things approaching reaches them and they listen reverently while in the street outside the people hear nothing at all.” – C. P. Cavafy The cryptoeconomy has demonstrated time and again it is the fastest horse when monetary conditions are easing. Syncracy believes this time will be little different, with the added stimulus of institutionalization and regulatory clarity. The key distinction between today and prior cycles, however, is that returns are less likely to be driven by thematic trends and more likely to be dispersed than in the past. Unlike prior cycles, there was no innovation trigger that sparked the rally. Instead, it was the Bitcoin ETF and promise of institutionalization that led the asset class higher. The speculative flows that followed consequently lacked a clear focal point. Unlike 2021 there was no birth of DeFi or NFTs to get excited about – just a general sense that times were getting better, and early signs of maturin

The Speed Trap: A Meditation on Markets Oct 24 Written By Ryan Watkins “In their intense meditation the hidden sound of things approaching reaches them and they listen reverently while in the street outside the people hear nothing at all.” – C. P. Cavafy The cryptoeconomy has demonstrated time and again it is the fastest horse when monetary conditions are easing. Syncracy believes this time will be little different, with the added stimulus of institutionalization and regulatory clarity. The key distinction between today and prior cycles, however, is that returns are less likely to be driven by

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