The cryptocurrency market has become useless this way.
First, there is no new capital entering the market; all new capital has gone into Bitcoin ETFs. Meanwhile, the A-share market has a daily trading volume of 2 trillion, with extremely abundant liquidity.
Second, there are infinite meme coins being created; the speed at which the Federal Reserve prints money is truly insignificant compared to the cryptocurrency market. Although people criticize the A-share market for cutting investors, there are actually only a little over 5,000 stocks in the A-share market, while the cryptocurrency market now has over ten million coins. Every day, tens of thousands of new meme coins are added.
Third, the circulation rate of VC coins is low, leading to unlimited sell-offs that harm investors. For example, the hybrid Bitcoin and WLD.
The cryptocurrency market is now completely a form of internal struggle, no different from a scam operation.
