The last (and final) crypto bubble was the result of a severe misallocation of capital, especially against the backdrop of the Fourth Industrial Revolution driven by artificial intelligence. These bubbles were fueled by excess liquidity, with people betting on technologies that would change the world. These technologies, emerging in the form of artificial intelligence and robotics, will drive and capture real economic value. Therefore, unless there is a significant change in fundamentals, the full-blown cryptocurrency bull market is over.
—Wesley