The “supercycle” thesis is the bold but vague idea that crypto is on the verge of mass adoption because of a series of technical and exogenous factors. For some, however, “supercycle” is just a marketing term for market makers. For others, it was the dream that markets could go “up only,” (that is, until traders capitulated).
Right now 2021 is 2014 and crypto is the new FANG. Since 2014, the FANG stocks of Facebook, Apple, Netflix and Google (now Alphabet) outperformed and investing in them was the “dumb investment strategy” that actually worked. There is no need to form a micro thesis if macro generates handsome returns.
Matti Gagliardi is a partner at Zee Prime Capital.
At some point, when everyone is too macro, the magic ceases to work. But until then a way to frame this investment thesis would be: “Following the crowd” is “the new contrarian.” Imitation runs amok.
The crypto supercycle is welcoming and invites everyone to join and compete. Anyone can become a viable competitor and make it. Anyone can put laser eyes on their Twitter profile photo and become a multi-millionaire.
