This cycle is different


2021: DeFi is the future of finance—this time, it’s different.
2022: UST is a paradigm-shifting innovation for algorithmic stablecoins—this time, it’s different.
2023: Ordinals brought an ecosystem to Bitcoin—this time, it’s different.
2024: The BTC ETF got approved—Wall Street is here—this time, it’s different.
2025: AI Agent + Crypto is the real Mass Adoption—this time, it’s different.
2026: …
Every cycle’s script: new narrative → new “greenhorns” → new peak → new wipeout → next time will be different.
The only constant law: whoever tells you that this time is truly different will eventually realize that every time is actually the same. Human nature never changes, the cycle never changes—only the labels get swapped so the same old playbook can be repackaged.
When someone tells you next time that it’s really different, ask them about their position.
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