Seems reasonable. I’m just terribly interested in how a bear market affects crypto. I can see crypto being a cash/gold-like safe haven, but valuations don’t represent money available to be moved, they are just a multiple of the last price paid.
4) Your common knowledge game is played in the tower of Babel
I don't think we can assume any correlation.
The people I see playing with crypto are the polar opposites of the ones playing with equities. They're a completely different tribe. I've got a friend who can't log into his 401(k) who day-trades tokens and apparently I was the last of my circle to hear of binance.
Now - that may change, and a correction/recession may push it that way. But I mean fuckin' hell - John Oliver did 25 minutes on crypto last Sunday and it's surprisingly fair and balanced considering how everyone with a tresor was a goddamn criminal in the eyes of the investment class not six weeks ago.