🟢 [E791] Both crypto and software came out of the 2010s where growth was anemic and excess monetary inflation had no real place to go except the digital realm. Now AI capex creates a real liquidity sink that changes flow dynamics.

🟢 [E506] Both crypto and software emerged from the 2010s when growth was anemic and excess monetary inflation went to the digital realm. Now we have a real capex liquidity sink from AI. The liquidity flows won't be the same as before for a while.