1. Stocks/AI provided all the returns anyone would want or need. 2. Safety in gold/silver as well 3. Crypto is stuck in the middle and viewed as neither safe nor great risk assets. 4. Overhang from previous cycles - dino coins are still stupidly overvalued. 5. Only BTC has achieved true commodity status, everything else is viewed more like a tech company. As the industry matures, hope is not enough to fuel speculation. Investors are demanding more concrete valuation metrics.