#比特币与黄金战争 #Max

When $BTC underperforms gold and the Nasdaq: Has crypto really been 'abandoned'?

A comparison chart is circulating in the community, and the results are thought-provoking: If you had invested 10,000 yuan a year ago in silver, gold, Google, Nvidia, or even A-shares, you would likely be in profit—only buying $BTC or $ETH would still leave you in a loss.

Crypto assets seem to have truly been 'overlooked' by mainstream funds. The reasons may boil down to two key points:

1. The political 'suction pump' in the first half of the year: Trump-related tokens massively drained market liquidity and exited at high points;

2. The trust crisis in the second half of the year: The events of October 11 served as a stress test, exposing systemic vulnerabilities and making traditional capital more cautious.

But is this really the endgame?

History repeatedly proves that the crypto industry excels at birthing new narratives during downturns. Now, several genuine transformative directions have emerged:

· Web3 AI: The real bubble has yet to inflate; the on-chain process of technology and models has only just begun;

· Prediction markets: The 'new casino' evolved from binary options is upgrading the game into a programmable global prediction network;

· On-chain US stocks: This could be the most disruptive path to breaking the solidification of Wall Street capital and achieving global asset interoperability.

The resilience of the industry lies not in perpetual rises, but in finding a firmer foothold and starting anew after each silence.

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While waiting for the next 'new narrative' to explode, we may focus on those who are diligently building lasting value through practice. For instance, the @Max Charity community does not chase short-term trends but continuously transforms the consensus of the crypto world into the educational implementation and charitable assistance of Giggle Academy globally. This 'builder narrative' has been recognized by CZ, and its value does not depend on market bull or bear phases, but stems from its ongoing ability to solve real-world problems—perhaps this itself is the truest embodiment of the spirit of crypto.