Today Bitcoin directly broke 100,000, coming down to around 98,000. Many people say this is related to the market; let me briefly share my personal views on the situation!
One undeniable point is that under the drive of this wave of domestic AI, the development cost is indeed only 1/20 of ChatGPT, and with R1 coming out a week ago, its capabilities are already comparable to OpenAI. Influencers like pmarca are also paying attention, and the operating cost is only 1/18!
So, is Nvidia's continuous surge, ChatGPT's sky-high financing, and huge operating costs overvalued? This is not just simple FUD; it reflects a valuation issue in the fundamentals, causing a crash in the US stock market, which in turn leads to a decline in the crypto market!
The market's expectation is that the US will strengthen its leading position by investing huge amounts of capital, widening the gap with the rest of the world, and using AI to drive the next revolution. The inconsistency in expectations is another reason for the decline. How should we respond?
💡1. A short-term fluctuation or decline is very likely, but in the long term, the bull market is still there. Some quality projects can be gradually bought at the bottom during the decline!
💡2. AI and the American concept will still be hot topics; the main line has not changed!
💡3. The K-line has not broken the lower line of the bear market, making it a relatively good position for phased layout in spot trading!