2026 will be a much larger 25 years, a more polarized 25 years. The market effectiveness of Wall Street narratives will far outweigh that of native crypto narratives. The first priority when investing in Crypto is to buy Crypto-related US stocks, not to buy native Crypto assets. Stablecoins and RWA, which were all the rage in 2025, will continue to be unrelated to crypto in 2026. The next 26 years will be dominated by fat applications (prediction markets, perpetual contracts) and technical theological narratives (cypherpunk).