Crypto works like a gateway drug: skeptics start with Bitcoin or Ethereum, then move into riskier altcoins. Ray Dalio is a recent example. The pattern follows a four-year cycle where Bitcoin leads, then Ethereum, then top-20 coins, then smaller altcoins surge as each phase peaks.
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It is funny, though, about crypto. It is a gateway drug. You see this happen even with celebrities. People are, I'm anti-crypto. I'm not going to ever do it. And then they buy just a little. They buy a little Bitcoin, a little Ethereum, kind of like what you did. And then they go, oh, it's kind of fun. Let's try some other ones. They try some other ones. And you see Ray Dalio doing this right now. So, Ray Dalio, then he's like, well, Bitcoin's awesome. I like Bitcoin. And then what happens actually in these cycles, people make, hopefully, as the cycle goes up, they make money on Bitcoin. Then they go, What's next? A lot of these cycles, we'll say every 4 years, Bitcoin usually runs first, then Ethereum, because money will roll out of Bitcoin into Ethereum. Like, oh, that's the next asset. It hasn't run yet, right? It's a smaller market cap. It can run bigger. Then they roll into large caps. It's called top 20 coins. Then they'll roll into alts or what they call alt season.