Why does crypto capital allocation create such extreme cycles? When you have both viable ideas and available funding aligned at the right moment, the market tends to shift into overdrive. Capital floods in, valuations balloon, and the euphoria builds until—inevitably—things crack. The technology itself is genuinely powerful for bootstrapping projects with minimal friction, but that same efficiency cuts both ways. Good conditions attract money quickly, but the speed and scale create instability. Every rally seems to set up the next correction because conditions that fuel growth are the exact same ones that breed excess. It's the nature of how crypto markets operate—the mechanism that makes rapid capital formation possible is also what generates boom-bust cycles.