CZ believes that BTC in the future will be more important than gold. I think this direction can be discussed, but it will take a very long time for major powers to truly shift. Here, the major powers likely refers to the East.
$BTC for a long time will be very difficult to exceed gold’s total market cap. As for whether it can exceed it in the longer term, it’s no longer that necessary to discuss. For me, having BTC reach 20% of gold’s market cap is already very good. Against the backdrop of ongoing fiat inflation, BTC and gold can both rise together—there’s no need for a life-or-death, win-or-lose situation.
$ETH I still remain quite optimistic. The advantages formed by the validation nodes and the network ecosystem give it fairly strong non-substitutability. SOL is different: blockchains need high-performance public chains, but this position doesn’t necessarily have to be SOL—BNB and TON can also compete. It’s just that, for now, SOL is indeed running better.
$HYPE its strength against the trend mainly comes from two reasons: **perpetual DEX and prediction markets are the more popular directions in this cycle, and on top of that, its own L1 and buyback mechanisms are indeed done well.** But don’t forget: the market cap is always trading expectations. In the future, many of HYPE’s expectations have already been reflected in today’s price, so what you’re seeing now is more about sentiment than certainty. When it really comes to wild volatility, those who are impulsively rushing in right now may not actually be able to hold on.
$BTC for a long time will be very difficult to exceed gold’s total market cap. As for whether it can exceed it in the longer term, it’s no longer that necessary to discuss. For me, having BTC reach 20% of gold’s market cap is already very good. Against the backdrop of ongoing fiat inflation, BTC and gold can both rise together—there’s no need for a life-or-death, win-or-lose situation.
$ETH I still remain quite optimistic. The advantages formed by the validation nodes and the network ecosystem give it fairly strong non-substitutability. SOL is different: blockchains need high-performance public chains, but this position doesn’t necessarily have to be SOL—BNB and TON can also compete. It’s just that, for now, SOL is indeed running better.
$HYPE its strength against the trend mainly comes from two reasons: **perpetual DEX and prediction markets are the more popular directions in this cycle, and on top of that, its own L1 and buyback mechanisms are indeed done well.** But don’t forget: the market cap is always trading expectations. In the future, many of HYPE’s expectations have already been reflected in today’s price, so what you’re seeing now is more about sentiment than certainty. When it really comes to wild volatility, those who are impulsively rushing in right now may not actually be able to hold on.
