Many people ask me, can we still play in the cryptocurrency space? Will the bull market come back? Besides Bitcoin, how much can altcoins rise?
Come, let me explain: first, let's talk about the retail investors in this market. It is conservatively estimated that there are over 600 million globally, with 200 million on the BN exchange. The total market value of A-shares is about 12 trillion USD, while the total market value of cryptocurrencies is around 2.5 trillion USD.
On the exchange, BN has 427 coins, while the maximum on GATE is 2356 coins. When a massive surge truly arrives, a 50% rise or fall on the daily chart is insignificant; in the early years, BTC often fluctuated by 40 or 50 points.
From an application perspective, BTC and ETH have already passed the ETF approval. After the US elections, regardless of who comes to power, the application of cryptocurrencies will accelerate. Don’t be fooled by the current lethargy; once the atmosphere picks up, it will be unattainable.
This is a rare industry that can change destinies, and even if you lose once or twice, it is still worth fighting for. Remember, entering this industry means that not losing is a huge gain.
Currently, big funds haven't rushed into the blockchain ecosystem at all; we are still in a phase of liquidity shortage. However, as the Federal Reserve further cuts interest rates and stops tapering, liquidity will inevitably flood back into the market, reigniting a wave of asset surges.
Firstly, the probability of Bitcoin doubling again is quite high, although, so far in this round, altcoins have performed poorly. However, when a raging bull market arrives, most altcoins will also see a 5-10 times performance.
In the last bull market, most altcoins had a base of 10 times, while in the previous bull market, altcoins generally had a base of 20-50 times.
Remember, entering the cryptocurrency space means you have one foot in heaven and one foot in hell. Whether you ascend or descend can happen in an instant—exhilarating and beautiful.
Follow me, and I will help you get rich in the bull market.