here's my 2026 decoupling theory.

- btc/majors vs onchain activity
- onchain activity will keep cooking because gambling demand is infinite. but it's decoupling from "crypto" as normies understand it
- stocks are the new altcoins
- gold is the new btc
- onchain hypergambling cannot be superseded
stocks

unfortunate but it seems to be getting more true

so we're splitting into two completely different markets:

1) btc/eth becoming institutional macro assets competing with stocks and gold for normie attention and losing
2) onchain activity becoming pure hypergambling venue for people chasing asymmetric returns

normies are done with crypto. novelty wore off. comparable returns in stock market without rug risk without bundlers without wallet drainers without the constant paranoia. why would they stay

retail got absolutely destroyed maybe they're not coming back

https://x.com/arndxt_xo/status/2009925191418462340