This so-called bull market is essentially just giving Bitcoin a stage to perform. The market occasionally sees new tricks popping up, which are quite the hype, but they are basically all fleeting and quickly fade away.
The projects that are issuing coins now feel increasingly like a scam, becoming more and more unreliable. They boast extravagantly, but the actual products are getting worse, and the exaggeration is growing.
Why is it that only Bitcoin is rising this round while other coins are wilting? To put it bluntly, besides Bitcoin, the entire cryptocurrency market is squeezing out excess and slimming down! Looking back at the crazy surge in 2021, the bubble was inflated too much. Now, the external environment has changed, interest rates are high, regulations are stricter, and it’s impossible for all coins to rise together like they did back then.
What’s most concerning is that many people are still dreaming of 2021, thinking that such a surge can be replicated. But I believe we need to be more realistic. Look at the past two years; the real good news has almost all been directed at Bitcoin. In my eyes, the current market still sees Bitcoin as the true representative of the core value that cryptocurrency should have.
Other coins? To put it simply, they are just following along and tagging along for the ride.
If you want to make money, don’t be a lone warrior! Follow me, comment to share your views, and let’s seize the lucrative opportunities of the bull market together.
Daily focus: ZKJ BTC ETH UNI
