The number of crypto projects with truly durable, distributable net cashflow is much smaller than the market assumes.
If you actually run the math on token-level cashflow after costs, emissions and incentives, some of the cashflow stories would screen very differently.
Cashflow as a narrative can be as reflexive as growth was.

Crypto markets have fully transited from a venture back growth focused valuation market to short term cashflow generation focused to have the most likely path to generate acceptable returns to investors.
Investors that missed this memo are just going to incinerate their capital

Arthur

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MicroStrategy founder Michael Saylor asserts that Bitcoin has won the global narrative war, specifically naming BIP- […]
The article, "Michael Saylor Warns BIP-110 is the Biggest Threat to Bitcoin; Four-Year Cycle is Dead, Institutional Capital is the Real Protagonist," was first published on BlockTempo, the most influential blockchain ABMedia media.

Michael Saylor warns that BIP-110 is the biggest threat to Bitcoin; the four-year cycle is dead, and institutional capital is the real protagonist.

Global gold and foreign exchange reserves have reached approximately $4 trillion, surpassing foreign holdings of U.S. Treasury bonds ($3.9 trillion) for the first time. This is the largest increase since 1996…
The article, titled "Gold Surpasses US Treasury Bonds for the First Time in 30 Years! Becoming the World's Largest Foreign Exchange Reserve, Why is BlockTempo Bank Asset Allocation Logic Being Rewritten?", was originally published on BlockTempo, the most influential blockchain ABMedia media.

Gold surpasses US Treasury bonds for the first time in 30 years! Becoming the world's largest foreign exchange reserve, why is central bank asset allocation logic being rewritten?

Source: Coin Stories
Compiled by: Felix, PANews
James Seyffart, senior ETF analyst at Bloomberg, returns to Coin Stories to provide an in-depth analysis of the latest developments in the ETF space: from the unexpected “diamond hand” strategy employed by Bitcoin ETF holders during a 50% drop to Morgan Stanley’s landmark decision to launch its own Bitcoin ETF.
Host: It's been a while since we've discussed ETFs. How about starting with Bitcoin, specifically Bitcoin ETFs...?