Ansem says current crypto cycle is hard to compare directly with past ones

Ansem, a well-known cryptocurrency trader, said on X there is limited value in analyzing the current crypto cycle through a one-to-one comparison with 2020, 2023 or 2024. Ansem added the closest parallel is the 2020-2021 DeFi expansion, when an entirely new sector drew billions of dollars on-chain. This time, stablecoins, especially tokenized stocks, are opening another new market while attracting retail investors, institutions and developers at the same time. New sectors create new capital flows, products and heavy speculation, Ansem said, adding this is the framework used to analyze the current cycle.