As Bitcoin experiences strong rises and reaches record levels, it seems that the Pi Network project is facing significant difficulties and a major decline. This contrast raises questions about the future of both currencies.

Reasons for the decline of the Pi Network:

♦️Lack of liquidity and real adoption: Despite the large user base that Pi claims to have, the currency has not been widely listed on major exchanges yet (except for some minor and unofficial exchanges). This limits users' ability to trade the currency freely and makes its value unclear.

♦️Transparency issues and security concerns: Questions are being raised about the project's transparency and management, as well as concerns about the collection of users' personal data. Reports of unauthorized withdrawals of coins from users' wallets have emerged, increasing suspicions.

♦️Lack of tangible use cases: Despite the talk about developing an ecosystem and decentralized applications, there is still a lack of real and innovative use cases that justify the currency's value or attract serious investments.

♦️"Buy the rumor, sell the news": When Pi announced initiatives like the Pi Network Ventures investment fund, there was a brief spike in the currency's price, quickly followed by a decline, which some attribute to the phenomenon of "buy the rumor, sell the news" where investors sell as soon as the news becomes official.