Mark my words: Venture Capital is spinning the block on blockchain. AI has eaten aaaall VC money for 5 years.. which is exactly how long DeFi has been dead. That’s because a few things happened 5 years ago: The FTX collapse, regulatory uncertainty, and most importantly the emerging field of AI software you could chat with natively. And naturally, that’s where the money went. Fast forward 5 years later: Anthropic made 16 times what they made last year and they’re STILL eighty billion short of where investors need to see profitability with their two trillion dollar valuation. Across the board it’s obvious: the “up only” era of AI investing is over. The ceiling has been found. Open weight models—ones you run locally—are getting better and better, and less than half of the datacenters proposed in 2024 have been built. Understand Venture Capital is not smart money. It’s gambling money of the elites, and it goes where there is maximum opportunity on the internet. So what are they seeing? 1) The AI ceiling is in 2) SEC verdict: DeFi is not securities 3) Bitcoin bottom is IN 4) Solana treasury companies are getting eaten by hype & robinhood 5) Anthropic keeps killing AI startups and STILL isn’t profitable For these reasons and more, I believe we’ve arrived on the steps of a bull run many have expected; One where DeFi and utility are at the backbone of growth. Yes, it WILL be a house of cards, but the speed of it will be different. This is the kind of bull run where plumbers and philosophers capture abundance onchain. The maximum extraction fortnite kid era is finished. Keep your eyes on robinhood, they’re Making Ethereum Great Again. The future of finance looks good here.