wallet UX still sets the tone for narrative durability

Ignoring wallet UX because options skew looks exciting is how late-cycle mistakes compound.

Ignoring market makers because RWA tokenization looks exciting is how late-cycle mistakes compound.

Put beside current chatter on “Bitwise’s André Dragosch: Bitcoin’s “Fair Value” of $197,000,” the incentive problem looks clearer.

Cycles rhyme, but the plumbing underneath keeps changing.

None of this is financial advice; it is a framing for cleaner decisions.

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