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There is so much more access to gambling on anything and everything these days where as crypto use to be the easiest outlet. Sports gambling, online casinos, prediction markets, trading cards, easier access to equities and soon easier access to private markets. All of this has actually taken away from crypto on top of the AI boom bc people have more choices. Not everyone wants to gamble on chain. There is now something for everyone, with ease of access. That has fractured some liquidity in this market