Everyone's missing this...

Network effects don't care about bear markets.

→ Lindy Effect: Every day crypto survives, its life expectancy increases
→ Bitcoin hash rate: 600 EH/s and climbing
→ Network effects compound. Bear markets don't undo them.
→ Metcalfe's Law: Network value grows with users squared

Crypto's moat isn't technology. It's the network.

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