Jason from Delphi dropping truth bombs on majors.
The risk/reward is broken. If $BTC $ETH can still dump 40-60% from here, why not take an extra 15% downside for actual multiples on the upside?
Majors aren't giving you 5-10x anymore. They're giving you beta and pain.
This is the degen thesis in 2025: liquidity is rotating into alts with asymmetric setups. Majors are for institutions playing safe. Degens are hunting narratives with real convexity.
If you're gonna bleed, bleed for upside that matters.
The risk/reward is broken. If $BTC $ETH can still dump 40-60% from here, why not take an extra 15% downside for actual multiples on the upside?
Majors aren't giving you 5-10x anymore. They're giving you beta and pain.
This is the degen thesis in 2025: liquidity is rotating into alts with asymmetric setups. Majors are for institutions playing safe. Degens are hunting narratives with real convexity.
If you're gonna bleed, bleed for upside that matters.