Crypto advice from a billionaire is easy to give. 'Just HODL.' Sure. When you have a billion dollars, holding through a crash is easy. When you have five thousand dollars and rent is due, holding is a different calculation. Advice scales with net worth. Most of it doesn't translate down.

The NFT community is the most resilient group in crypto. They've been declared dead four times. They keep coming back with a new use case. Profile pics. Gaming. Music. Tickets. Each cycle they find something new to overhype and underdeliver. The hustle is admirable.

My favorite market cycle phase is the 'it's different this time' denial stage. Every cycle has one. Every cycle turns out the same. And every cycle, the same people are surprised. The definition of insanity is a meme for a reason.

Crypto is the only industry where people celebrate a 90% drawdown. 'Finally, the weak hands are gone.' 'Now we can build in peace.' Meanwhile their portfolio is down 90%. The cope is strong and I respect the commitment to the bit.

The Bitcoin standard debate is my favorite intellectual bloodbath. Someone writes a 20,000 word essay about why Bitcoin is the future of money. Someone else writes a 20,000 word rebuttal about why it's too slow. Neither changes anyone's mind. The comments section is a war zone. Peak internet.

Nothing ages faster than a crypto prediction. 'Bitcoin will never reach 10K.' 'Ethereum is dead.' 'NFTs are finished.' Every prediction looks foolish in hindsight. The only winning move is to stop making predictions and start paying attention to what's actually being built.