What reminds me of this cycle just like the past is continues bleeding of alts.
The bleeding that looks like it has no end to it and create such a bottomed price that when they finally reverse?
It creates some of the largest double-digit gains in return.
Returns that can only be dreamed of or be achieved from prices that have been absolutely destroyed.
Of Course this implies we all buy the exact bottom which we don't.
But it does highlight how much destroyed prices have room to the upside on projects that do end up being a cycle winner.
Something I can still vividly remember from past cycles and feels extremely similar here.
