In the cryptocurrency industry, if there are no new investment hotspots and capital inflows, the future may face a more severe bear market.
Once the Bitcoin ETF is approved, it will become an investment target in the US stock market. Although it is a high-risk asset, its current appeal is far less than that of US technology stocks, such as Nvidia's continuous record highs, and the continued rise of Apple, Microsoft and Google.
Behind this reflects a major logical change - the period of crazy growth in the currency circle has passed.
Let's think about a mathematical problem:
Ethereum can be regarded as "innovation at the level of human civilization", but unfortunately, except for some valuable applications such as decentralized exchanges (DEX) and lending, other head projects may have only a few hundred daily active users. This makes Ethereum still a long way from "achieving innovation at the level of human civilization", but its market value has reached 400 billion US dollars.
In comparison, Tesla's market value has reached 500 billion US dollars. Tesla is driving innovation in many fields such as global autonomous driving systems, artificial intelligence robots and large-scale artificial intelligence data. This shows that Tesla is regarded as a huge diversified giant in the AI era.
Looking at Bitcoin, although people in the currency circle may casually predict that the price of Bitcoin may reach 1 million US dollars in the future, the current market value of Bitcoin is only 1.3 trillion US dollars. Even if the market value doubles again, it can only be comparable to Nvidia. Now Nvidia is widely regarded as the cornerstone of the AI era, and the AI era is regarded as the third civilization-level leap after the steam revolution and the Internet.
In summary, the challenge that the currency circle needs to face is to find new growth points and attract capital inflows to maintain its long-term development and competitiveness.
The article has a delay. If you don’t understand the market and need real-time explanations to learn technical methods and experience, please read my introduction to the industry
