The article critiques the prevailing notion that the speculative nature of the crypto market is beneficial for building financial infrastructure. It distinguishes between valuable innovations like Bitcoin and stablecoins and the destructive tendencies of speculative investments. The author argues that most of the crypto landscape is parasitic and undermines genuine advancements in financial technology.

Analysts predict that Bitcoin's price could reach $200,000 by the end of 2025, driven by factors such as supportive regulations, increasing interest from traditional investors, and potential Federal Reserve interest rate cuts. Key developments include the introduction of stablecoins and a surge in corporate adoption of Bitcoin as an asset.

The article analyzes current market dynamics, indicating a bullish outlook for October due to a softer USD and potential Fed policy shifts. It highlights the impact of a government shutdown on economic data, the correlation between liquidity and Bitcoin, and the growing momentum of stablecoins, particularly with SWIFT's involvement and Tether's capital raise.