#PI# One important reason many people view the slow bull is that they believe there are institutions as accomplices supporting it and preventing a fall. However, I want to say that we shouldn't overly mythologize these institutions.
Three Arrows Capital is impressive, right? At its peak, it managed hundreds of billions of dollars in cryptocurrency capital, but it went bankrupt and went to zero during the bear market, and the founder went directly to prison.
Japan's SoftBank Group is amazing, but they came to the crypto world and ended up losing a fortune, ultimately withdrawing from the crypto