Why isn't your altcoin rising?
Because the money has gone to a place that is twice as large as the cryptocurrency industry
Nvidia's GTC opens today, with a market capitalization of $4.4 trillion. The entire cryptocurrency market adds up to $2.54 trillion.
The industry you are watching every day is not even half the size of theirs.
This is not just a comparison. This might be the real reason for this cycle's "no altcoin season."
In previous bull markets, there wasn't much else to speculate on in the market, and money rotated back and forth between BTC and altcoins. But this time is different. AI, computing power, and the Nvidia ecosystem have siphoned off a much larger pool of funds than cryptocurrency.
The competition is no longer just the neighboring altcoins; it is a $4.4 trillion monster, and now even cryptocurrency miners are running toward that.
Public mining companies have signed AI contracts worth over $65 billion. For the same amount of electricity, mining is valued at $4.5 million, while doing AI is valued at $30 million.
Are you still expecting these people to help you maintain the network? We used to say that the money was still in the market, just rotating.
Maybe it's time to think about whether the money is still in the market or not $BTC
Because the money has gone to a place that is twice as large as the cryptocurrency industry
Nvidia's GTC opens today, with a market capitalization of $4.4 trillion. The entire cryptocurrency market adds up to $2.54 trillion.
The industry you are watching every day is not even half the size of theirs.
This is not just a comparison. This might be the real reason for this cycle's "no altcoin season."
In previous bull markets, there wasn't much else to speculate on in the market, and money rotated back and forth between BTC and altcoins. But this time is different. AI, computing power, and the Nvidia ecosystem have siphoned off a much larger pool of funds than cryptocurrency.
The competition is no longer just the neighboring altcoins; it is a $4.4 trillion monster, and now even cryptocurrency miners are running toward that.
Public mining companies have signed AI contracts worth over $65 billion. For the same amount of electricity, mining is valued at $4.5 million, while doing AI is valued at $30 million.
Are you still expecting these people to help you maintain the network? We used to say that the money was still in the market, just rotating.
Maybe it's time to think about whether the money is still in the market or not $BTC