The End of Crypto’s Golden Age: A Market Maturation Story
The era of easy profits in cryptocurrency markets is fading, according to Zeneca, a newsletter writer and former poker player. Drawing parallels to poker's evolution, he notes that early crypto adopters benefited from low competition and basic strategies—much like poker players in the 2000s. Today, success demands sophisticated tools and deeper analytical skills, mirroring poker's shift toward AI-driven perfection.
Similar dynamics unfolded in equities during the 1990s, where marginal advantages like speed or attention could yield profits. Now, crypto markets are reaching a comparable inflection point: inefficiencies are vanishing, and institutional participation is raising the stakes. "Trading is a hard way to make easy money," as the Wall Street adage goes—a truth now dawning on digital asset investors.
