Peyton Winget: Why this cycle broke the altcoin playbook

Peyton "Big Pey" Winget argues that the current market cycle differs from 2017 as major altcoins like Cardano, Solana, and Ethereum failed to reach new all-time highs. He attributes this to higher bank yields compared to the near-zero rates of 2021, which reduce the incentive for capital to flow into crypto. Winget has shifted his strategy to focus on Bitcoin, noting that Cardano's treasury has spent 700–900M ADA while generating only 6–10M ADA in revenue. He suggests that crypto and traditional finance are merging, with banks potentially launching their own wallets and stablecoins to capture retail users.