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At 5:30 this morning, I saw Trump say that the US-Iran agreement has been reached, and then gold started surging and rose to 4200. Bitcoin rose to 65,000, and Ethereum to 1700. Now I looked again: gold is at 4300, Bitcoin is still at 65,000, and Ethereum is still at 1700. This cryptocurrency has actually been treading water for over 4 hours—meanwhile, gold has still risen by another 100 dollars. I have to say, crypto is really trash. Where did all the liquidity go? It wasn’t like this last year. Why did it become like this this year?
I remember Ni Da saying before that once the spot Bitcoin ETF gets approved, the inflow would be much more intense than for gold, and Bitcoin would be the future gold. So where is this “strength” now? The price has dropped by half, and even the rebound isn’t as strong as gold’s. Rich people trade big amounts in US stocks, and only small money comes to play in the crypto market. Now that the market looks like this, even the small players aren’t coming to play anymore.
Do you remember how the World Cup sports concept coins used to surge really hard? This year, the World Cup sports coin concept—CHZ—didn’t rise at all; it even fell, with only 569w in trading volume. You used to bring up World Cup sports coins, but now nobody mentions them.
Forget it—I won’t talk anymore. I’ll go get a physical check at an electronics factory and then go back to work screwing in bolts. Talking too much is pointless. I’m tired!