William Quigley

Today, the reality is the vast majority of stablecoin transactions are done on exchanges.

And most people still don't do peer-to-peer, like tether transactions.

It's a big growth area, but it's still relative to the rest of the world, relative to the rest of the size of the global economy.

It's very small.

Yeah.

And let's just be clear though, whenever the token prices are down, the canary in the coal mine is, is that is, you know, the conferences, right?

Yes.

Like, you know, the sentiment is low when people aren't attending conferences.

Uh, you know, peak conference attendance happens when the tokens are at all time highs.

Yes.

Especially altcoins.

Yeah, very much.

So altcoin season never came in this post halvening event, right?

Unfortunately, it never happened.

Retail didn't really show up.

Lots of reasons, I think, why, but the retail buyers just didn't do what they'd done previously.

And Ethereum is sort of, it's the best of the altcoins, but it is still an altcoin.

And when it's trading at less than half of its value five years ago, you know, yeah, you're going to have a lot of sour faces and people just aren't that interested.

It's not exciting right now.

That could change.