In 2017 and 2020, the cryptocurrency space was still in its early stages, slowly moving towards the mainstream. At that time, the market often plummeted in despair and then rebounded amidst skepticism. The cryptocurrency space has never lacked fresh blood; once the market rises, there will always be new players and retail investors joining in.
The more foolish money there is in a market, the more potential profit opportunities arise (of course, the speed of losing money also increases).
As the cryptocurrency space gradually moves towards the mainstream, the number of users has surged, and 'traders' are no longer low-level investors; more and more people are beginning to view it as akin to 'U.S. stock traders.'
Compared to the past, the cryptocurrency space appears more professional and high-end, with a large influx of institutional funds. However, the issue is that the cryptocurrency space is gradually shifting from an incremental market to a stock market. The influx of new players is no longer as rapid as it once was—which also means that phenomenon-like figures, such as Trump, may become the market peaks for the next couple of years, or even longer.
In the future, if the cryptocurrency space wants to attract more users, possible avenues could include the popularization of payment methods, such as promoting cryptocurrency payments to become mainstream payment options; or enhancing consensus, for example, by incorporating Bitcoin into national reserves, making it a strategic asset like gold.
However, under the push of these broader environments, the market space for low-quality junk coins is gradually shrinking.
