The recent pullback of sats has led to a decline in the entire BTC ecosystem. As a leader in the BTC ecosystem, sats has earned respect in the market.
Sats entered the hands of DogeWhale several months ago during its minting phase. The fact that DogeWhale was willing to invest millions of dollars on equal terms with retail investors demonstrates the whale's considerable strength and passion.
Sats' rise to a market cap of 500 million USD is not solely attributable to a few large holders and retail investors. It is the result of a powerful combination of DogeWhale's substantial funds and the enthusiasm of large and small holders. The success of ordi in reaching a market cap of 600 million USD in May was driven by early-stage manipulation and rallying at low prices by the whales. Sats' minting cost is several hundred times more than ordi, and such a massive market cap requires more time to adjust.
A complete market comprises whales, large holders, and retail investors, each playing a different role. Throughout history, every successful asset has gone through the early-stage selling by large holders for profit and the subsequent turmoil caused by retail investors. Once sats weathers this storm, it will become a mainstream currency, and the future is limitless.
We can see that the project behind sats, unisat, chose the independent currency sats. With the shadow of okex behind unisat, okex has overtly and covertly promoted sats several times, and binance is eager to position unisat as a backup. The trend is already clear. One point to ponder: Why did DogeWhale choose sats?
The market potential of sats should align with unisat's intentions and benchmark against smart contract blockchains such as ETH, ADA, and BNB. The unified slogan is that sats has the potential of a thousand times, enabling the market to establish an expectation of sats breaking through a market cap of 2.5 trillion USD someday.
Assuming sats benchmarks against meme coins like Doge and Shib, it has no advantage compared to rats. Rats have a simple and easy-to-understand cultural attribute that is more in line with public sentiment and speculation.
The sats community needs to unify sats' cultural attributes, keeping them consistent with BTC's cultural attributes. This will help attract the high-net-worth population in the crypto community. BTC represents the high-end, and understanding BTC's cultural attributes requires a certain level of knowledge and learning. Celebrities such as Musk, Dorsey, other public figures, and even presidents of countries like El Salvador and Argentina are very familiar with BTC culture. Although this group is not large in number, their influence is extraordinary, and their funds are substantial, far beyond the reach of retail investors. If these figures express favorable views on sats publicly, it could immediately take sats to the moon.
The image that sats shapes in the crypto community should be: simple yet sophisticated. High-end and classy.
After all, who doesn't like high-end things?
The opening of the bull market is undoubtedly linked to the successful approval of the US Bitcoin spot ETF. ARKB is poised to be the first Bitcoin spot ETF approved by the US SEC in the upcoming January 10th decision gaining significant attention within the BRC20 community. Positioned as a promising dark horse, ARKB, a notable BRC20 project, is likely to capture the community's interest. Missing out on sats shouldn't lead to missing out on BRC20's ARKB. With a disclosed annual fee of 0.80%, $ARKB stands as the pioneer openly declaring such costs for a Bitcoin spot ETF issuer. Their determination is evident, but investment decisions should be approached with caution.
#etf #BTC #ARKB是BRC20一道靓丽的风景线美国sec批准的第一个比特币现货ETF， #cbdc #Onchain
