It's no coincidence that BTC is stepping into the 100,000 territory; it carries too many reasons and expectations. 100,000 is a critical value for breaking through bottlenecks. In the next four years, or perhaps in your lifetime, you may never see Bitcoin below 100k again. Instead, you will witness an accelerating rise, reaching 200k, 500k, 700k, with 200k arriving very soon... It carries the 'Trump' mission.
Some people ask why BTC is rising while altcoins are plummeting, suffering greatly. The BTC.P indicator shows that the market value of altcoins is continuously being compressed, and the ETH/BTC exchange rate is also sharply declining, which is severely squeezing ETH's market value. Some objective factors here involve founders continuously socializing with women. The founders of the Ethereum Empire all have ulterior motives, and the continuous cashing out by the foundation has led to Ethereum's decline, causing investors to perceive a decrease in consensus ability. However, a thin camel is still bigger than a horse; they are still the kings of altcoins, and the status of the second in crypto is currently unshakable. Solana has challenged their position, occupying 39% of the crypto market value, which still seems unshakable. The reason is that almost all applications in the crypto space are born from the ETH public chain or derived from ETH L2 projects. What has Solana brought? The fragrance of tulips has dissipated, leaving a mess behind, a zero-value shitcoin.
Returning to the previous question about capital allocation in the crypto space. Initially, hot money entering the crypto space first flows into the liquidity of BTC. Many holders of altcoins are inexperienced investors who can't resist temptation and sell out to rush into the primary market of BTC and Solana. After they profit, will they exit the market? I don't think so; they will continue to be greedy and gradually flow into the altcoins of the Ethereum sector until more and more people enter, all rushing in, worrying that the primary market bubble will eventually burst, which is not something they can control with Bitcoin. The outcome is that more and more liquidity will return to the Ethereum ecosystem. In the larger time dimension, this is just a fleeting glance—a slight increase in amplitude, followed by a return to the mean. Overall, the violent surge of Bitcoin in the long run will prosper altcoins. I believe that in this wave, small-cap altcoins can rise 5-7 times without issue, and some altcoins are gradually becoming stronger and will start to show independent trends, like XRP, due to the increasing clarity of market truths. The future is a stage for blindly investing in altcoins; rushing into Solana and Bitcoin is not the inherent value and consensus of the crypto market.
$XRP $BTC $BNB