CZ said $BTC is more important than gold, but don’t get carried away
I came across CZ’s talk at the Bitcoin Asia conference and thought I’d also share my views on a few mainstream coins.
#CZ
CZ said that in the future, Bitcoin will be more important than gold, and that the shift by major powers will take a very long time. I agree with this direction, but we should look at it rationally. If major powers really want to move from gold-based mechanisms to Bitcoin, it’s not something that can be completed in just a year or two. There will be a lot of resistance and games in between.
So for a long time, it’s hard for BTC to surpass gold’s total market cap. If it can reach 20% of gold’s market cap, that would already be very impressive. However, against the backdrop of ongoing fiat inflation, BTC and gold can both rise—there’s no need for a you-die-I-live situation.
$ETH I still have a relatively positive view. The advantages of verification nodes and the overall network ecosystem give it fairly strong non-substitutability. This moat isn’t something that can be shaken in the short term.
#以太坊暴涨
SOL is different. Yes, blockchains do need high-performance public chains, but that doesn’t necessarily mean it has to be SOL. BNB and TON can also compete—it's just that currently SOL is running better. Don’t treat SOL as the only answer; the race hasn’t reached the point where the outcome is decided yet.
HYPE has been strengthening against the trend recently. The two core reasons are that perpetual DEX and prediction markets are among the hotter themes this cycle, plus its own L1 and buyback mechanisms have been done well. But don’t forget: the market cap always trades expectations.
$HYPE A lot of future expectations have already been priced into today’s price. What you see more now is emotion, not certainty. When it truly comes to violent volatility, those who rush in mindlessly may not necessarily be able to hold.
You can listen to what the big players say, but don’t listen and then go all in out of excitement. Direction is direction; price is price—there’s time and volatility in between.
#hype
I came across CZ’s talk at the Bitcoin Asia conference and thought I’d also share my views on a few mainstream coins.
#CZ
CZ said that in the future, Bitcoin will be more important than gold, and that the shift by major powers will take a very long time. I agree with this direction, but we should look at it rationally. If major powers really want to move from gold-based mechanisms to Bitcoin, it’s not something that can be completed in just a year or two. There will be a lot of resistance and games in between.
So for a long time, it’s hard for BTC to surpass gold’s total market cap. If it can reach 20% of gold’s market cap, that would already be very impressive. However, against the backdrop of ongoing fiat inflation, BTC and gold can both rise—there’s no need for a you-die-I-live situation.
$ETH I still have a relatively positive view. The advantages of verification nodes and the overall network ecosystem give it fairly strong non-substitutability. This moat isn’t something that can be shaken in the short term.
#以太坊暴涨
SOL is different. Yes, blockchains do need high-performance public chains, but that doesn’t necessarily mean it has to be SOL. BNB and TON can also compete—it's just that currently SOL is running better. Don’t treat SOL as the only answer; the race hasn’t reached the point where the outcome is decided yet.
HYPE has been strengthening against the trend recently. The two core reasons are that perpetual DEX and prediction markets are among the hotter themes this cycle, plus its own L1 and buyback mechanisms have been done well. But don’t forget: the market cap always trades expectations.
$HYPE A lot of future expectations have already been priced into today’s price. What you see more now is emotion, not certainty. When it truly comes to violent volatility, those who rush in mindlessly may not necessarily be able to hold.
You can listen to what the big players say, but don’t listen and then go all in out of excitement. Direction is direction; price is price—there’s time and volatility in between.
#hype
