Over the weekend I watched 'Now You See Me: Now You Don’t'.

Tried to switch off crypto for a bit.

But in the opening scene they expose three crypto scammers who robbed people via their fake CEX.

Not spoiling the rest, but every time crypto shows up in movies it’s the same story.

We’re always shown as money launderers or loud tech guys flexing wealth.

This view hasn’t improved over the years. If anything it got worse even after major wins.

Today FT wrote about the crypto crash & Saylor and the comments are the usual:

“Ponzi on Ponzi. Can’t wait until it goes to zero.”

Many think crypto is a Republican thing now.

Or that stablecoins will trigger the next big crisis.

So the negative sentiment isn’t new, but ETFs, institutional use, stablecoins… none of it moved the sentiment yet.

And with retail not making money this cycle, crypto isn’t seen as a way to 'make it' anymore.

At least we lost the 'get rich quick' label lol

But the 'upgrade the system' message (like Coinbase ads) still isn’t landing.

People are still searching for solutions to the housing crisis, inflation etc., And crypto isn't even considered a possible solution.

In that sense, we’re still early.