Reflections on the State of Crypto - H2 2024 - by Alana
backoftheenvelope.xyz · 1,680 words · saved by 1 readers
A look at the major inflection points that occurred in the second half of 2024
Since the last update, there have been three big inflection points that have altered (or likely will alter) the state of crypto: President Trump won the election. It also appears we will have the most pro-crypto Congress ever. An AI agent called Truth Terminal started posting about a token called $GOAT. Hyperliquid airdropped its token. The following are some of the ways I think the impacts may play out. The win for crypto seems to be quite broad sweeping. We saw this sentiment reflected in the price action immediately following November 5th. It’s hard to know what the new…
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