That ship has sailed. In a mature market, risk-adjusted returns become boring. You are no longer a speculator; you are an investor or a builder.
In its early days, [XXX] was defined by euphoria and hysteria. Barriers to entry were low. Information was asymmetric. The market was driven by FOMO (Fear Of Missing Out) rather than fundamentals. Whether [XXX] refers to the dot-com bubble of the 90s, the NFT craze of 2021, or the cryptocurrency bull runs, the pattern is identical. xxx matures
The biggest opportunities in a mature [XXX] are in maintenance, security, and education. The plumbers of [XXX] make more money than the prophets. Case Study: The Maturation of the Internet To visualize the future of [XXX], look at the internet. In 1999, the internet was adolescent: Pets.com, dial-up screams, and irrational exuberance. After the dot-com bust, people said the internet was dead. That ship has sailed
As [XXX] matures, it faces its final test: The test of utility. The adolescent promises the moon. The adult delivers the shovel. In its early days, [XXX] was defined by