The UAE has acquired $2 billion in bn equity, which is a sigh of resignation. This means that the crypto world is completely shifting from the East to the West. From 2013 to 2017, East Asia accounted for 90% of the trading volume, but now it is ending with exits, thefts, and liquidations.
Looking back, if there had been local venture capital back then to acquire bn, ok, and hb, they would have definitely been willing to sell at a very low price. If rb could be tied to stablecoins, it would complete the long-desired globalization of currency, triggering a dollar crisis and bankrupting the Federal Reserve. If there was even a little bit of experimental ground and a little bit of possibility, so many people wouldn't have to go abroad. Who would want to leave their hometown? Just like if copycats can make money, who would go play with leverage?
Unfortunately, there are no ifs. Whether it is bn or btc, they are like flowers blooming on a cliff, forced to grow. Whether in the past or now, both big influencers and the media are demonizing btc and the crypto market, thereby coercing everyone to stay away from crypto sailing. In the near future, Europe and the United States will inevitably return with heavy crypto artillery, exchanging unlimited stablecoins for limited resources. Without crypto pricing power, it will be impossible to combat hyperinflation; money will quickly lose its value.
Before 94, countless people ambitiously sought to seize pricing power, with ABS on the blockchain, stock coins and bonds on the blockchain, asset confirmation, and blowing up Wall Street. After May 19, everyone fled in panic, with bystanders applauding. Everyone gritted their teeth and set sail, always thinking of coming back, but in the end, Li Lin was forced to leave, CZ was arrested, and Europe and America quickly divided and consumed the market. It's not that copycats can't succeed; it's that East Asian copycats can't succeed because platforms and projects are not East Asian-led and are deliberately de-Asianizing, restricting your IP, your on-chain activities, and your KYC. What was the cost of our ICO in 2017? Now look at the cost of new coins. The environment for copycats will become even harsher in the future, with Europe and America buying from you first, and Europe and America taking losses while you don't.
However, Old Wolf believes that one day, the Chinese will once again dominate the crypto world. Until then, let's follow Europe and America and live well.