Two things happened this week that made me feel the bull market has officially begun:
Event One
A friend returned from Canada and during dinner, he surprisingly found himself involved with Hong Kong RWA. He is an outsider and knows nothing about the industry.
A few days later, he told me he had started trading contracts on the exchange and mentioned feeling a bit of FOMO, which scared me, so I quickly advised him not to gamble.
Event Two
A friend who has been an entrepreneur for many years said he wanted to find a mentor to enter this industry. After being rejected, he asked if he could invest in ETH, at that time ETH had just crossed 3000.
This friend has been an entrepreneur for many years and has successfully sold a few companies, so he should have a decent cash reserve. He has not formally entered the industry, but in recent years, entrepreneurship has been tough, and he mentioned that many of his friends are starting to turn their attention to this space.
It is clear that outside capital and talent are beginning to enter the market, especially after the stablecoin bill is passed, which will accelerate this process.
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