In 2017 and 2020, it was still in an earlier stage, transitioning into the mainstream. The market dropped significantly in despair and rose amidst skepticism; the cryptocurrency space does not lack new entrants; whenever there is a rise, new individuals and 'foolish money' come in.
The more fools there are in a market, relatively speaking, the more opportunities to make money (but losses can come quickly as well).
This round has entered the mainstream, and the number of users in the cryptocurrency space has reached a considerable scale. Those who were once viewed as 'shitty coin traders' have now graduated to 'esteemed U.S. stock traders.'
In comparison, the cryptocurrency space appears more upscale, and institutions are buying, buying, buying. However, the downside is that the cryptocurrency market is gradually transitioning from a growing market to a saturated market, with fewer newcomers—Trump may represent a peak for the last year or two, or even longer.
To attract more people into the cryptocurrency space, the next steps are either to change the payment methods of non-traders through payment methods like pay, or to enhance consensus, such as by incorporating it into national reserves. As more countries allocate it as a strategic reserve, Bitcoin may become a target similar to gold.
However, in these environments, there is gradually no space left for junk coins.
