This is a large portion of my thinking about cryptocurrency. If you were around since 2011 as I was then you can appreciate the enormous shift in public confidence in the incumbent financial system. Crypto is surviving and even to an extent thriving despite a five-year trend in the fundamentals of perception that are hugely negative, but I don't really see a moon type event in any crypto without that trend reversing in a big way.
I am pretty sure that "fundamentals of perception" is not intended to allude to Huxley, but not sure what it does reference. Gox & DAO, perhaps?