A few days ago, I joked with @dov_wo that I was the most die-hard bullish believer in the crypto, no matter how bad the market was. In every tweet, I said: "I'll die in the crypto, even if it kills me." But from a trader's perspective, there is one problem that does exist: In the crypto, 95% of assets follow BTC movements. Aside from cryptocurrencies like USDT and PAXG, there are virtually no assets with significant market capitalization that clearly exhibit a different directional trend from Bitcoin. This is frustrating for traders because, unless they are institutional investors, most traders have some degree of gambling addiction. Despite the daily advice to "go out and explore," is it really feasible to spend 300 days a year exploring cryptocurrencies? You can't leave traders idle; that's why you need to bring these so-called RWA quotes onto the blockchain and create trading pools. On the blockchain, nobody cares about whether there's real-world backing. What USDT users care about is whether they can trade in USDT 365 days a year.

I'd rather die in the B-circle

It's better than dying in the trenches of Burma.

I'd rather die in the B-circle