For a $2–3 trillion market, crypto has always been harder to track than it should be. Inconsistent data, opaque entities, and a decade of regulators neglecting their duties let all the vagaries fester. That’s changing. The data is slowly getting better. In places, so are token alignment, value accrual and supply discipline. It’s uneven and a long way from ideal, but the progress is real. What feels massively different now is the sheer number of teams shipping real products. Some are finding users already. Others could bring millions of people, and eventually billions of agents, onto these networks over the coming years. Keeping up feels like trying to drink from a garden hose that just turned into a fire hose. Building an investment framework for this asset class isn’t easy either. This is what I focus on at @RealVision. But for investors who’ve decided to get off zero, I’d keep the allocation approach simple: 1. Bitcoin is the anchor; an SoV asset, global digitial collateral. 2. Split the market by what matters: base networks, the infrastructure connecting them, and the apps built on top. 3. Follow where the fees flow and whether token holders actually benefit. 4. Own the leaders in the segments that matter. Step back for a second. An industry that was maligned, penalised and discriminated against is building products that could change how we communicate, store information, move value and create it. Friction is falling. TradFi is coming onboard. The agent economy is only getting started. A new coordination layer for global finance and commerce is taking shape. Incredible to watch. If you aren't already, join me at @RealVision. It's free to join; it's the most wicked crypto and macro investing community anywhere, and there is a tonne to learn. realvision.com/your-future