Will $BB be the hundred-fold coin in this bull market for the Bitcoin ecosystem?
This depends on how you understand BounceBit.
For a long time, many people have had a certain misconception about the construction of the Bitcoin ecosystem: "Since you are going to build the Bitcoin ecosystem, you need to make this chain better, surpass Ethereum, and become the world's number one public chain carrier, that is called construction!"
Setting aside the technical limitations of Bitcoin's block size, the trend of this bull market is very clear: CeDeFi is surpassing DeFi, and this cycle has seen inactive on-chain funds and a downturn in DeFi projects. In contrast, the reserves of CEX led by Binance continue to rise, with the latest reserves reaching 120 billion USD.
If you have read BounceBit's founder's article interview from August, it is hard not to agree with the viewpoint he presented:
"The essence of crypto is finance, and the essence of finance is to make money with funds. When most funds are in CEX, entrepreneurs need to invent and design products that can utilize this part of the funds, and that is the essence of CeDeFi."
I think many people feel that to do a project, one must engage in infrastructure construction, develop Dapps to bring in billions of web2 users for large-scale adoption. However, while the vision is beautiful and the narrative is macro, after one cycle of bull and bear, the aftermath is dire. It might be better to, like BounceBit, focus on market trends to activate this 120 billion USD and create more liquidity; isn't that another solution approach?
More content about BounceBit was written in related analysis articles when it was launched on Binance, hoping to help you better understand this project and the future trends. Wishing everyone great wealth in the bull market~
