🚫❓ WHY ARE BITCOIN AND CRYPTO
DUMPING?🚫❓
IN THE PAST FEW HOURS, BTC IS
DOWN OVER 5%, WHILE LARGE
CAPS ARE DOWN 8%-10%
THIS HAS NOTHING TO DO WITH THE
CRYPTO MARKET AND EVERYTHING
TO DO WITH THE US STOCK MARKET.
THE US STOCK MARKET IS DUMPING
TODAY, AND IT'S JUST BECAUSE OF
ONE APP NAMED "DEEPSEEK."
DEEPSEEK IS A CHINESE AI STARTUP
THAT COMPETES WITH CHATGPT.
AS PER SOME ESTIMATES, IT COST <
$10M TO DEVELOP, WHICH IS WAY
LESS THAN CHATGPT
NOT ONLY THAT, TODAY IT
OVERTOOK CHATGPT TO BECOME
THE #1 FREE APP ON THE APPLE APP
STORE.
AS OF NOW, CHATGPT IS VALUED AT
$157 BILLION, WHILE DEEPSEEK IS
VALUED AT MERELY 0.2% OF THAT.
THIS HAS CAUSED A MAJOR
CONCERN AMONG LARGE US
INVESTORS AS THEY'RE THINKING
THAT THE US STOCK MIGHT BE TOO
OVERVALUED NOW, AND THEY'RE
SELLING IT SINCE THE MARKET HAS
OPENED.
I PERSONALLY THINK THERE'S NO
NEED TO PANIC SELL YOUR CRYPTO
AS THERE'S ALWAYS SOME FUD TO
SCARE THE MARKET.
HODL TIGHT AND JUST WAIT
