すべてのサイクルを通じて生き残る原則は一つ、流動性の集中化だ。2017年のICOバブルから2021年のNFT狂乱まで、富はいつも少数の手に集まり、その後の調整で露呈される。マイケル・セイラーのような戦略家たちが理解しているのは、価格ではなく、資本がどこに流れるかという永遠の真実である。
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