“But where the danger is, also grows the saving power.” - Friedrich HölderlinEchobubble Summer 2023The euphoric sentiment on Twitter suggests that another crypto bull market is upon us. Congrats, anon—you made it. But wait, consider: are we really at the start of the next supercycle, or is it simply that the equities market needed somewhere to accommodate the overflow liquidity? Perhaps narratives—stories we tell ourselves and each other about AI, Storage, Gamefi, Blackrock and Citadel, etc.—...