Armstrong's eight points read as a coherent vision of where financial infrastructure is heading. Taken together, they describe a system that settles faster, costs less, operates continuously, and extends access to participants currently excluded by legacy intermediaries. That direction is broadly correct and the progress toward it is measurable.

The question worth asking is: if everything I currently hold dropped 60% tomorrow and stayed there for eighteen months, what would I do? Do I have a defined answer to that question, or do I have a vague intention to "hold through it" that has never been pressure-tested?

The AI crypto category is real. But real infrastructure and good investments are not the same thing. Here is how to tell the difference.