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Crypto’s Monkey Paw Market

Crypto’s Monkey Paw Market

Chris Campbell

Posted October 16, 2025

Chris Campbell

In The Monkey’s Paw, W.W. Jacobs told the story of a family who got exactly what they wished for—and instantly regretted it.

It’s the oldest warning in finance and folklore alike: every wish carries a silent clause.

That’s what the crypto market feels like right now.

When excitement peaks and everyone turns bullish, traders start begging for “one last dip” before the big liftoff. Often, that wish gets granted—just not the way everyone hoped.

This time? The market gods didn’t just deliver discounts. They delivered Ragnarok.

Liquidations piled, traders panicked, and fear reclaimed the floor.

And yet… 

What always happens in a Monkey Paw market happened again: the weak got shaken out, and the strong started stacking in silence.

And the bullish news kept rolling in.

The Tokenization Tide

Citi now projects stablecoins could hit $4 trillion by 2030. That’s the entire current crypto market cap—just in digital dollars.

Remember, stablecoins are the plumbing. Every tokenized asset—from corporate bonds to commodities—will be denominated in them.

And speaking of tokenization…

On CNBC, BlackRock’s Larry Fink said: “We’re just at the beginning of the tokenization of all assets—from real estate to bonds to ETFs.”

Joe Moglia (former TD Ameritrade CEO) echoed it: “Five years from now, there won’t be a stock or ETF that isn’t tokenized.”

Translation: Tokenization sounds strange and esoteric. But in five years, it’ll be as common as zero-commission apps and one-click investing.

Furthermore, this tells us the next big wave of crypto investors won’t be memecoin traders. It’ll be the global and mainstream players.

It’ll also be retirees in Mumbai buying tokenized silver. It’ll be teachers in Lagos buying tokenized Uber. It’ll be gamers in Manila buying fractionalized shares of NVIDIA.

For Wall Street veterans to be saying that out loud tells you how far the Overton window has shifted.

7 Rules to Survive Crypto

Brass tacks…

What we just witnessed was a stress test.

Crypto passed. DeFi absorbed the blow and kept ticking. No downtime. No loss of integrity. One block after another.

(BUT that doesn’t mean it’s risk-free; leverage never is.)

The macro setup—liquidity bottoming, fear spiking, tokenization narrative accelerating—makes this the exact moment long-term investors pray for.

The rules:

  1. Hold your best ideas.
  2. Don’t use leverage.
  3. Understand what you own.
  4. Don’t use leverage.
  5. Zoom out.
  6. Don’t use leverage.
  7. Meditation helps. (So does not using leverage.)

And remember…

In this game, patience isn’t just a virtue—it’s the only thing standing between a new boat and an emotional support hamster.

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