- 1. At the bottom are a few people who are just there to take money from dumb people.
- 2. In the middle there are idealists who are priests of the future of money etc. But this is a distraction from 1.
- 3. Then there are the cryptobros, ruggers, memers ... they look like 1. but are far less sophisticated.
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- Level 1 is busy taking over the US / extracting value from global USD dominance, and US exceptionalism as a whole. LOL
- Level 1 doesn't care about making 20 MM from a rug.
- Level 1 is trying to take the asset class to 20 T while they make all sorts of money on hedging trades all the way up, and down when they use it to rug the USD etc.
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