The fiat standard is being devalued by mass money printing. That new money leads to LPs putting money into VC funds, which in turn invest heavily in the crypto sector. This breeds new entrepreneurs and higher valuations for crypto projects. The moneyprinting that anti-Fed Bitcoiners hate so much is simultaneously their fuel. The inflation of the money supply creates a two-fold dynamic: 1.) Investors want to get away from the US-Dollar and other fiat currencies and convert their money to Bitco...