The Great VC Cleansing
Despite Gary Gensler’s reign of terror over crypto and the altcoin space in 2023, any crypto trader and investor who is being honest will say that the space was much more optimistic then, and in the first half of 2024, than the last year and a half or so - and for good reason.
In 2024, investors peddled the “financial nihilism” thesis, which lit a fire under the memecoin space and helped suck air out of the altcoin investing space. While it was uncomfortable, you could still make life-changing money in the memecoin trenches if you put your mind to it.
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