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The current problem in the crypto market isn't "how much did the price drop"—it's "what's the reason for the rise."
Wintermute spoke frankly with diplomatic language: the crypto industry lacks a growth narrative similar to AI.
To put it simply: AI has new technological breakthroughs, new product launches, and new revenue data every day. What does the crypto industry have every day? Inscription 2.0? Layer 3 testnets going live? A certain exchange launching a new IEO?