X @mert | helius.dev
mert | helius.dev·2025-09-18 19:15
Reflexivity and connectivity are the most important concepts to understand the future of finance, markets, and crypto.Put simply, reflexivity is the idea that investors' beliefs shape the market, and the market in turn shapes the investors' beliefs.The operative word here is "belief" — meaning one's perception instead of reality or fundamentals.This concept is not new; it has existed since the beginning of time and markets. Most people intuitively understand this loop.What is new is two-fold:i) The internet ...