The crypto market essentially has only two types of targets: one is investment targets, and the other is gambling targets.
If we follow the strictest definition of BTC hoarders, BTC is an investment target, while others are gambling targets. Rich thinking is accustomed to making investments, while poor thinking is good at gambling.
If financial trading is a sword, then BTC is the sword king. Holding BTC and other cryptocurrencies can quickly elevate someone to a higher class, but it can also quickly bring someone down a level.
We all know that the financial market is always 7 losing, 2 breaking even, and 1 turning, but we actually don’t believe it, or we all think we won't be the 7 in the numbers. However, when you open your account and look, the numbers in your account won't lie. Regardless of whether you admit it, you are either 7 or 2, or the only one. The moment you open it is already clear at a glance.
We think of 1, but have we ever reflected that what we do are actions of 7? I’ve mentioned before that the fastest way for a person to progress is to copy. This applies not only to individuals but also to giants.
Some people have the lowest thoughts when they see copying, mocking, saying that Xiaomi cars copy Porsche, but the Porsche owner said that Xiaomi and we just have a somewhat similar aesthetic for cars. Regardless of how LOW people mock, it does not prevent 'Penguin' from becoming a village overlord; the copied works can't even fit on the map.
Why can't investing be about copying? Why must one buy what they like rather than what most people like? This is not about choosing a wife.
What are MicroStrategy buying? What is BlackRock buying? What is Microsoft discussing buying? What are Americans collectively betting on?
You see BTC, a target well known to all. What conspiracy is there about BTC being an American plot? This game is clearly an overt scheme.
But 90% of people just don’t buy, they want to go against large capital, and they don’t want to copy homework but want to create their original altcoins.
Once a reader left me a message saying that I always write that BTC has no traffic and should write more about altcoins. This is indeed the case; writing about altcoins targets 90% of the market, while writing about BTC targets 10% of the market.
But I still choose the latter without changing my original intention and insist on only writing about BTC because I believe that people are grouped together, and I want to filter that 10% who resonate with our community ideals through the ideas advocated in the article.
I hope my readers can earn money and achieve results after being inspired by the article, and years later they will remember that a blogger once said everything was right, but unfortunately, they did not understand or execute at the time, missing the opportunity for financial freedom, instead of being scolded for losing in contracts or altcoins.
Rich thinking focuses on the long term, while poor thinking often looks at the short term. So you see, the same thing has one side as honey for the rich and the other side as arsenic for the poor.
Getting rich quickly is the traffic password, but it's unrealistic for investors. Buffett averages 20% annually; can you sustain 200%? Knowledge learned without sustainability is just a waste of time.
Returning to the investment logic, if you are a large capital operator holding $10 billion, would you buy a BTC that appears to be declining according to the K line or an altcoin that appears to be rising?
Faced with such a K-line pattern, large capital will not rely on feelings, nor will it care about the current coin price; it will only assess the price one to three years later.
It will definitely be about buying BTC rather than altcoins (regardless of the amount of funds; smaller funds should cherish money more as it comes hard, and should consider the risks more), because BTC does not have so-called manipulators, but altcoins may have more than one. As long as you dare to put money in, they dare to sell you their nearly zero-cost goods infinitely, and altcoins do not have long-term value.
I can also understand that some brothers' funds are borrowed, from credit cards, and need to be paid back in a month, they simply have no time to wait. Money that shouldn’t have come in has come in, and they can only gamble and rely on luck.
Large capital comes to invest, so they only choose investment targets. Therefore, we often see a large inflow of funds into BTC. Let’s take a look at the recent situation.
According to SpotOnChain statistics, in the first week of this month (December 2-6, 2024), the U.S. spot cryptocurrency ETF saw an inflow of $2.744 billion into BTC and $844.9 million into ETH.
These inflows mark the second-largest weekly inflow since the launch of the Bitcoin ETF and the largest weekly inflow since the launch of the Ethereum ETF.
Both BTC and Ethereum ETFs have experienced a full week of inflows.
BlackRock's IBIT and ETHA increased their holdings this week by 26,833 BTC ($2.65 billion) and 150,900 ETH ($581 million), currently holding about 523,687 BTC ($52.38 billion) and 846,123 ETH ($3.38 billion).
Ethereum has recently accelerated capital inflows.
Nate Geraci, president of The ETF Store, posted on X: "The U.S. spot Ethereum ETF has seen continuous inflows for 10 days, totaling $1.4 billion, including the best two days since its launch in July.
In my opinion, advisors and institutional investors are just beginning to pay attention to this field.
Why do large capitals focus on BTC and ETH?
Because targets like BTC and ETH have a certain future and can be sustained.
Anthony Scaramucci, founder of SkyBridge Capital, emphasized in an interview that Bitcoin needs to be held long-term for four years, despite recently falling from around $103,900.
He pointed out that the historical maximum drawdown of Bitcoin is 82%, but it can average positive returns within four years. He also stated that Bitcoin is moving towards mainstream institutional investment, predicting that if its market value approaches that of gold, the price could increase tenfold.
You think Bitcoin at $100,000 is too high, but you are wrong. The target for Bitcoin in the last decade is to break through $1 million, reach $20 trillion, become the world's largest asset, replace gold, and become electronic gold.
In the financial market, it has always been that the cheap will become cheaper, and the expensive will become more expensive.