This is a trend chart of Bitcoin's market value share since the bottom in December 2022.
It can be clearly seen that it is a steady upward trend, which is enough to show whether the current currency circle is a bull market or a bear market.
In the past three waves of bull markets in the currency circle, the market value of Bitcoin has steadily occupied more than 70% of the share.
This is also a relatively worthy reference data for judging the general trend.
Especially for those who invest in Bitcoin and Ethereum, it is simple, crude and effective.
Many people attribute this wave of Bitcoin's market value increase to the passage of ETFs. Of course, this is undeniable, but from another perspective, there was a big bull market before ETFs.
To put it in an extreme way: if there were no ETFs, the trend of the currency circle might be the same as before, directly crazy bull, and now the currency circle is already a hundred flowers blooming.
Of course, Jokes aside, as the industry progresses, there will definitely be capital joining in. The two complement each other and are indispensable. It’s just that as investors, we need to look at it from different perspectives.
The arrival of a major trend in an industry is not driven by a certain institution or country, especially since the cryptocurrency industry belongs to the global financial system and there are many variables.
Therefore, the essence of the bull market is that it has value. Without BlackRock, there will be other institutions to drive it, and without the Americans, there will be other countries.
The core of the real bull market in the cryptocurrency industry is: it can’t fall any more.
The “can’t fall any more” I’m talking about is limited to valuable things, not air coins or junk coins.
Many coins in the cryptocurrency industry in the past were once very popular, even surpassing BTC, but there are no more coins that have survived 3 waves of bull markets to the present.
So, you must figure out what money you make by investing in the cryptocurrency industry!
Is it the profit brought by the rise of the coin itself, or the technology behind the rising coin?
It seems to be similar, because most people think that the rise of the coin means that the team behind it is excellent and has created value.
This is a long-term perspective issue. He may be right in this wave, but what about the next wave!
The test of the bull market is not only the ups and downs of the market, but also the test of our mentality. In the face of changes in the account, we must remain rational. Next, I will announce the next 10-fold potential coin in the internal library! It is better to grasp it than to guess blindly!
