According to @jchervinsky, current crypto conditions include froth that requires keeping your eyes open and knowing why participation is worth it, and he states he will remain in the industry for life; source: @jchervinsky on X, Dec 8, 2025. For traders, this underscores a market phase where conviction and vigilance matter, reinforcing thesis-driven positioning and strict risk controls during exuberant periods; source: @jchervinsky on X, Dec 8, 2025.