Murad says we’ve moved into a belief-driven investing era.
Here’s what that means👇
1️⃣ Fundamentals-driven
In the early days, people looked at adoption, revenues, cash flow and on-chain activity.
Price was tied to the “real value” of the asset.
2️⃣ Flows-driven
Then attention shifted to liquidity and money moving in or out.
ETF inflows, whale wallets, exchange deposits, and withdrawals started driving price more than fundamentals.
3️⃣ Belief-driven
Now we are in a phase where narratives, memes, and conviction matter most.
DOGE, PEPE, AI tokens, or RWAs show how shared belief can create multi-billion dollar markets long before fundamentals catch up.
📌 In simple terms: Markets move less on “What it’s worth” and more on “What people BELIEVE it’s worth.”
And in crypto, belief spreads at the speed of the internet.
That’s exactly why we built RogerAI, which tracks narratives, mentions, and conviction in real time.
First came the (1) Fundamentals-driven investing paradigm
Then came the (2) Flows-driven investing paradigm
We are now entering the (3) Belief-driven investing paradigm
Few understand now. Many will soon.