SkyBridge Capital's Scaramucci has recently started to invigorate the market again, stating that Bitcoin perfectly meets all definitions of currency throughout human history. He did the math: with a hard cap of 21 million coins, if each reaches 1 million USD, the total market value would be 21 trillion.
This macro narrative of "Bitcoin will eventually replace gold" may sound repetitive, but at a time when global liquidity is being redistributed, it certainly sounds exciting. From a macro perspective, the logic of this vision is self-consistent; as long as consensus does not collapse, it’s only a matter of time before it matches gold's market value. The seasoned investor feels this wave is a classic faith recharge, but it’s unclear why 6.7 billion USD in market value was wiped out in two days, and RAVE seems to have disappeared on the spot, with prices plummeting from the sky to 0.5 USD, a drop of 98%.
This price chart is a nightmare for seasoned investors, a typical "elevator going down" is faster than going up. A project of this scale can drain liquidity within 48 hours, indicating that the fundamentals have likely collapsed, or the major players have simply flipped the table and stopped playing. Market value is just an illusion; liquidity is life. This vertical plunge is like a flying knife; if you don't catch it properly, it can easily sever a major artery. This kind of intense crash feels like another narrative bubble being burst, leaving a tragic scene behind. How are everyone's positions holding up? #Crypto #RugPull #MarketUpdate $RAVE
. Let's hope everyone's positions can last until that day. Do you think 1 million USD is a pipe dream, or is it just a matter of time? #BTC #Cryptocurrency #Macroeconomic Analysis #Scaramucci $BTC
This macro narrative of "Bitcoin will eventually replace gold" may sound repetitive, but at a time when global liquidity is being redistributed, it certainly sounds exciting. From a macro perspective, the logic of this vision is self-consistent; as long as consensus does not collapse, it’s only a matter of time before it matches gold's market value. The seasoned investor feels this wave is a classic faith recharge, but it’s unclear why 6.7 billion USD in market value was wiped out in two days, and RAVE seems to have disappeared on the spot, with prices plummeting from the sky to 0.5 USD, a drop of 98%.
This price chart is a nightmare for seasoned investors, a typical "elevator going down" is faster than going up. A project of this scale can drain liquidity within 48 hours, indicating that the fundamentals have likely collapsed, or the major players have simply flipped the table and stopped playing. Market value is just an illusion; liquidity is life. This vertical plunge is like a flying knife; if you don't catch it properly, it can easily sever a major artery. This kind of intense crash feels like another narrative bubble being burst, leaving a tragic scene behind. How are everyone's positions holding up? #Crypto #RugPull #MarketUpdate $RAVE
. Let's hope everyone's positions can last until that day. Do you think 1 million USD is a pipe dream, or is it just a matter of time? #BTC #Cryptocurrency #Macroeconomic Analysis #Scaramucci $BTC