crypto screwed it's all over sell now Run for the hills damn this scam Market damn these scam meme coins damn it all it's probably the sentiment you've heard a lot online right now and I know there's a lot of reasons to be pessimistic I know there's a lot of scary to be scared of but I also have some important facts I want to share with you but first let's look at that pessimism idea why are people so disenchanted with the current market cycle I'm sure it has nothing to do with the fact bitcoin's been a down TR for six months and all coins all down 80 to 90% probably has something to do with it the psych so far has been challenging okay and if you're going to tell me that the best Bitcoin could do this cycle was only go 7% higher than the previous all-time highs I think I might need to become a bond investor guys no no get those dirty words out of my mouth yuck eth has also of course been pretty if we're going to be honest about it the current price action at the time I recorded this video bonds literally are beating ethereum this year that's how lame the eth price has been year to date anyway I know cyclewise it's done pretty well it's up 200% or something from the cycle lows but the ETF flows are non-existent Wall Street wants nothing to do with ethereum currently that'll change as soon as prices start taking off but to be disenchanted with ethereum and its current state and I know the ultrasound money stuff's being challenged because layer twos are not contributing that much in terms of fee burning to layer one etc etc I get it what's been the big innovation this cycle the salana casino big fan of salana they've been doing some pretty cool stuff but pump. fun is not even a casino you can't call it a casino it's it's a slaughterhouse it's a slaughterhouse pump. fun extracted probably billions of dollars from nor now pump.
fun themselves made hundred million dollars in the process in fees but basically every meme coin that was launched on there went to zero in minutes hours maybe only the best of the best of the best even made it outside of pump. fun and onto radium or somewhere like that almost none of them made money and something crazy like to have even made $ thousand dollar put you in the top 3% of pump. fund users so 97% didn't make $1,000 97% just lost money and only people that made six figures or more was like 0.
