Two crypto cycles ago, utility-focused blockchain projects minted millionaires. Last cycle, meme coins dominated wealth creation. The question now: which narrative will drive the next wave of generational returns?

The shift reflects crypto's evolution from infrastructure plays to cultural tokens. As the next bull market approaches, investors are positioning around competing theses—whether AI-crypto hybrids, real-world asset tokenization, decentralized physical infrastructure (DePIN), or a new meme cycle will capture the lion's share of capital flows.