After thinking all night, I suddenly feel like I’m a bit of a masochist—everything in the crypto space is RUGs, conspiracy playbooks, and coins going to zero. So why do I still hope it has a bottom? Since 23 years ago the US approved the Bitcoin ETF, to Trump-friendly crypto in 24, and the stablecoin bill in 25, crypto has gradually started to become a tool of the US dollar.

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