If the cryptocurrency industry does not open new casinos and has no new traffic, the future deep bear market will be even more terrifying.

After the BTC ETF is passed, BTC will become a target of US stocks and a high-risk risk asset, but at present, its attractiveness is far less than that of US technology stocks. Nvidia continues to set new highs, and Apple, Microsoft, GOOGLE, etc. continue to rise.

There is actually a major logical change behind this - the time when the cryptocurrency industry was surging has passed.

A math problem:

You can think of ETH as "an innovation at the level of human civilization", but unfortunately, there are only a few applications with some value, such as DEX and lending. Other things, such as the top PREP DEX, may have a daily active user of a few hundred, so this thing is really a bit far from "achieving innovation at the level of human civilization".

This thing is now worth 400 billion.

Musk's Tesla is now 500 billion. It is a multi-faceted giant with global autonomous driving systems + artificial intelligence robots + massive AI data in the future.

Looking at BTC again, we in the cryptocurrency industry can shout at will: Bitcoin will be 1 million US dollars in the future!

But friends, after entering the US stock market, the current market value of BTC is 130 million. If it doubles, it will almost be on par with Nvidia - and now Nvidia is generally regarded as the cornerstone of the AI ​​era, and the AI ​​era is considered to be the third largest civilization-level leap after the steam revolution and the Internet.

Let alone 1 million US dollars, even if it rises to more than 100,000 US dollars, it seems unreasonable to surpass Nvidia.