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The current state of Bitcoin, US stocks, and precious metals can be easily understood by using last year's on-chain meme bubble as an analogy.
Gold did indeed surge, and the core narrative behind this surge in major assets was "global de-dollarization." Gold's liquidity did indeed overflow, spilling over into silver, platinum, palladium, aluminum, and copper.
US stocks also surged relatively, driven by the core narrative of "AI supercycle and continuous technological and product breakthroughs." Capital did indeed overflow, spilling over into energy and storage.
BTC's pricing power is currently in the hands of the US. It doesn't fit the "de-dollarization" narrative and has nothing to do with the AI bubble (it even conflicts with the AI narrative because of competition for AI's energy and computing power).
If precious metals are the Sol political meme, and US stocks are the Sol AI meme, then Bitcoin is the Ethereum meme.
Looking back, do you think it was a good investment choice to buy Ethereum during the final acceleration of the Sol meme last year, hoping for a liquidity overflow from Sol to drive up Ethereum's price?
Those who have experienced the brutality of trench warfare should have learned this lesson: if you're going to chase, chase Dragon One. When Dragon One accelerates at its peak, Dragon Two doesn't move. If you wait for Dragon One to retreat, Dragon Two will be reduced to ashes.
profound!
Teacher Jiang bravely pursued Long Yi, and now her back doesn't I am jealous, her head doesn't hurt, and she can climb 100 floors in one go!
I regret not selling all the shit coin crypto and using the money to chase after them.
The insults were incredibly vulgar.
😵g (likely a typo or a mistake)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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