ক্রিপ্টো মার্কেট ২০২৪: গল্পগুলির বিরুদ্ধে বাস্তবতা

##মাক্‌রা-মিরাজ 2021-এর ‘তহবিল’ভিত্তিক ‘পারটি’য়ায়, 2024-এই ‘ওয়ালস্টিট’য়ানদের ‘অধিগ্‌রহণ’। BTC-এ MSCI World Index-এর 0.6 correlation -আমাদের Fed-এর poly-sense-তে dancing risk asset class। gold 1.84% up, BTC? yawn! Digital gold?

ETF:আমাদের Collective Stockholm Syndrome

বিচিত্‍‍‍‍‍‍‍‍্‍্‌

1. 2009: “তুমি own your bank”
2. 2024: “Please BlackRock, validate us”

$10T asset managers spot ETFs through - financial colonialism in blockchain clothes। QCP Capital data: institutions treat crypto as leveraged tech stocks, not sovereign money.

Altcoin Engine: Broken

3 systemic failures:

• FDV Timebombs: new tokens <20% circulation (some at 6%) with Everest-sized unlock cliffs
• Narrative Fatigue: DeFi Summer relics as “modular blockchains”
• Geopolitical Fragmentation: Eastern & Western capital no longer play nice

Result? Zombie chains graveyard — VC lockups expire faster than adoption grows.

Institutional Epoch - Survival Strategies

While retail chases memecoins, smart money prepares:

1. Multi-year compression cycles
2. Regulatory arbitrage (hello Hong Kong)
3. Real-world asset collateralization experiments

California Gold Rush analogy holds — most starve; Levis sell trousers. Question is: Will you dig deeper or start selling shovels?