The crypto industry we truly deserve! One company — NVIDIA — now has a market capitalization twice as large as the entire crypto market combined, including the orange Bitcoin coin itself! And no, this is not a “we’re still early, it’s just the beginning” moment. It simply shows that capital does not stay in the crypto market for long, and that the industry often functions more like a semi-legal casino where projects lure you to play at their poker table… while they cash out their chips and print money out of thin air. Maybe one day we’ll finally see more sustainable projects with real utility — projects where capital actually wants to invest in a real product, instead of buying into stories written on paper. $BTC
You know what’s ironic? If they pump the market before the U.S. midterm elections on November 3rd just to create positive sentiment and make Trump look like a genius, and Bitcoin simply takes out the previous high liquidity, all the 4-year cycle believers and influencers will instantly start comparing past cycles and come up with a hundred billion explanations for why it’s “logical.” Why 2025 is supposedly just like 2022 and why we’re “about to go to the moon.” CryptoQuant will release some statistical data claiming: “Yes, THIS is it.” Arthur Hayes will probably publish another random essay, switching from a bear suit into a bull suit and back again. And honestly, it would be hilarious to watch all of this unfold while exiting the market. If not, and we simply bounce here and then roll down like a stone toward $50K during the summer — that’s fine too. But the first scenario would definitely be more entertaining and dramatic, exactly in the style of how the U.S. and this Hollywood-style Masonic puppet-show love to manipulate narratives and play puppet masters. And then everyone will collectively sit at home trading charts and watching Netflix during another “new lockdown,” wearing masks again just like before. 🙂 $BTC
BTC Corrections from ath! I’ve said this many times already: the market is maturing. Bitcoin is becoming less profitable in terms of upside, but at the same time corrections are no longer 80–90% like before. A lot now depends on geopolitics and the overall global situation, yet traders still keep waiting for a 75% correction as if nothing has changed. But just look at the history: the first correction was over 90%, then every major correction became smaller — just like every cycle’s percentage gains became smaller too. We simply cannot compare today’s market with 2017. Come on — there’s a 10-year difference. Yes, it’s convenient to rely on historical statistics to find some sort of logic. But markets are irrational, which is why the key skill is adaptability. What if Bitcoin suddenly pumps 60% from here and breaks ATH? All the cycle believers and “everything repeats” fans would lose their minds — but they would still find a “logical” explanation afterwards, post factum. Sure, we could still dump 60%, 70%, even 80%. That’s possible too. But either you adapt your actions to the current reality, or you’re simply gambling on direction while relying on luck and random historical statistics from the past. $BTC