The Shanzhai is stagnant, will there be a bull market?
Let me answer this question formally, I believe it is also a question that many friends are concerned about.
First of all, there will be a bull market, but the time has not come yet. This time, the rise of Bitcoin since October last year has concentrated a large amount of capital inflow in the short term, which has also caused some capital spillover in the short term, so some Shanzhai also rose with a wave, making many people think that the bull market has definitely come, but the reality is cruel.
Today, when the market capital inflow becomes worse, the funds can only be anchored in Bitcoin itself, and the spillover funds become less, which leads to the unique rise of Bitcoin itself, and the Shanzhai is as stagnant as it is said.
The important reason for this factor is that Bitcoin ushered in a historic moment in January 24-ETF passed.
After the Bitcoin ETF passed, we can actually say that the crypto market is divided into two tokens, Bitcoin and other tokens.
At the same time, because of the passage of ETF, many people who have never been exposed to the crypto market have tried to buy Bitcoin ETF or spot. This leads to the difference that Bitcoin and other tokens can never keep up with the blessing of ETF. Because in the eyes of traditional investors, although they don't understand the value of Bitcoin, they understand the value of ETFs being backed by institutions, while other tokens besides Bitcoin are questioned or ignored by many people.
In short, I don't understand cryptocurrency, but I know that the world's top institutions have issued ETFs. I think they are valuable, so I buy them, but for other tokens, sorry, I don't understand them, so I won't buy them.
This also leads to a decrease in people's investment intentions under the tense global economic mood, and the mood of venture capital is also decreasing. At this time, people tend to buy more stable and low-risk assets, and Bitcoin was not originally included. But ETFs have to pass, so people think that Bitcoin is a relatively stable investment channel, so they will buy it appropriately.
This also leads to the high price of Bitcoin, and the cottage has come out of an independent "bear market".
If the cottage wants to usher in a bull market, what it needs is the necessary factors of the original bull market, the stage of large liquidity release. Originally, Bitcoin would also usher in a bull market, but ETFs have changed its investment attributes. Bitcoin is no longer a venture capital in venture capital, but other cottages are still.This is the judgment result in the eyes of investors. The unknown and obscure ones are the ones with greater risks.
The expression may be a bit one-sided, but I think this is the core point.
