$FIL has been in a downtrend for 6 years, getting shaken out for 6 years, and not a single retail trader could hold on. No retail trader saw any hope, basically all have cut losses.
For the whales, pumping the price is effortless, basically no selling pressure to worry about, plus Grayscale is still holding over hundreds of millions in positions, with their average cost above $3. Now is the time to enter, even lower than the institutional prices, and yet still hesitant? Still not ready to hold?
There are three reasons why it's rising this time.
1. AI computing power has skyrocketed this year; computing power needs GPU storage.
2. This year, US stock storage has surged 39 times, so what about crypto storage?
3. Behind the computing power is existence, maybe due to AI computing power, it could completely ignite crypto storage, reflecting its value, so FIL might rise even higher.
For the whales, pumping the price is effortless, basically no selling pressure to worry about, plus Grayscale is still holding over hundreds of millions in positions, with their average cost above $3. Now is the time to enter, even lower than the institutional prices, and yet still hesitant? Still not ready to hold?
There are three reasons why it's rising this time.
1. AI computing power has skyrocketed this year; computing power needs GPU storage.
2. This year, US stock storage has surged 39 times, so what about crypto storage?
3. Behind the computing power is existence, maybe due to AI computing power, it could completely ignite crypto storage, reflecting its value, so FIL might rise even higher.
