The analyst reveals the strategy behind GCV versus GAP in the massive market price.

The huge gap between the global consensus value (GCV) and the market price represents one of the biggest challenges currently. While the value of PI according to GCV is an astronomical amount of 314,159 Dollars, the actual market price does not exceed one Dollar or less. This stark contradiction in the PI network with its dual value system raises deep questions about its viability, transparency, and future growth potential.

I personally wonder: is this a smart strategy or just a trick?

The analyst “Spock” believes that this disparity may be part of a well-thought-out strategic plan rather than a flaw. He claims that this creates two separate economies - an internal one that relies on the high GCV price for applications and services, and an external one where PI is traded like any alternative currency at market prices. These values remain distinct through control mechanisms such as wallet locks and KYC procedures, creating interconnected yet distinct economies.

This dual system has strengths in building trust, stabilizing applications, and protecting against market fluctuations. However, I see serious risks in it - some may exploit it by buying cheap PI from exchanges and spending it at a high GCV rate within the ecosystem. Additionally, the existence of two very different prices confuses users and raises doubts among observers. The most dangerous aspect is that this model is based on community trust, which may fade if users prefer market prices over GCV.

To protect the system, some have suggested that the PI team take measures such as restricting access for KYC users and enforcing GCV through smart contracts, applying locks to reduce supply, and gradually narrowing the price gap with increased real usage.

Some pioneers enthusiastically support GCV, pointing out that smart contracts at GCV rates are available on GitHub, and that communities in Thailand and Vietnam are using GCV in their transactions. But is this enough?

The value of PI dropped by more than 60% in May, with estimates suggesting there are 100 billion coins, valuing each according to GCV would make its value exceed 31 quadrillion Dollar - much more than the global GDP! Nevertheless, users remain steadfast in their belief.

Data shows fluctuating activity, with 3.35 million Pi transferred to Mainnet in 24 hours and 7.9 million Pi opened in one day. PI is currently trading at approximately 0.63 Dollar, with a market cap of 4.63 billion Dollar, and it is expected to trade between 0.618 and 0.641 Dollar in the short term.

But the real question is: Can a system with such a glaring contradiction continue? Or are we witnessing one of the largest bubbles in the world of digital currencies?