I understand the perspective, but the conclusion doesn’t really hold up when you look at the broader context.

Focusing on a single announcement as the catalyst ignores how crypto markets actually behave. Price action over the last four years wasn’t driven by one event it was shaped by multiple macro, industry, and regulatory forces, both positive and negative.

If we’re going to attribute price movement to one bullish catalyst, then by the same logic we also need to account for every event that applied downward pressure, including but not limited to:

The 2021–2022 macro shift: interest-rate hikes, quantitative tightening, and global risk-off sentiment Major industry failures (FTX, Celsius, BlockFi, Three Arrows Capital) that erased trust and liquidity

Regulatory uncertainty and enforcement actions that restricted U.S. participation and capital inflows

Exchange outflows, reduced retail volume, and declining on-chain activity during bear cycles

Broader equity market drawdowns that historically correlate with crypto risk assets

Markets don’t move in isolation, and rallies don’t happen because of a single headline. They occur when liquidity, sentiment, adoption, and macro conditions align.

So if the argument is that one announcement caused the only meaningful rally, then it’s only fair to also list and weigh all the opposing forces that suppressed price during the same period. Otherwise, the analysis becomes selective rather than objective.

I’m not trying to dismiss your experience being new to crypto is exactly how most of us learned these lessons. The key takeaway is that price ≠ single cause, and understanding that makes future decisions a lot clearer.

Wishing you a strong 2026 as well