First study the industrial structure, then study the flow of funds
First study the real needs, then study how institutions adopt them
First study how protocol value is captured, then study the token price
When Wall Street enters, it is an important validation signal, but it shouldn’t be the reason we first study a protocol. If we wait until all institutions start using it before we begin studying the protocol, then what we’re researching may no longer be an “opportunity,” but rather a “consensus.”
And what’s truly interesting about the capital market is this: before consensus is formed, how many assets already have the conditions to become infrastructure.
If you can understand, then understand; if you can’t, you can’t be forced to.
$BTC $ETH #btc #eth
First study the real needs, then study how institutions adopt them
First study how protocol value is captured, then study the token price
When Wall Street enters, it is an important validation signal, but it shouldn’t be the reason we first study a protocol. If we wait until all institutions start using it before we begin studying the protocol, then what we’re researching may no longer be an “opportunity,” but rather a “consensus.”
And what’s truly interesting about the capital market is this: before consensus is formed, how many assets already have the conditions to become infrastructure.
If you can understand, then understand; if you can’t, you can’t be forced to.
$BTC $ETH #btc #eth
