Will Ether’s growth exceed that of the big pie? Where does the money for this bull market come from? How bullish is the currency circle in 2024?

Two days ago, I was chatting with a fan friend about whether it is possible for Bitcoin to rise to 200,000 or even 400,000 in this bull market?

I answered that Bitcoin is currently 50,000. If it rises that much, it will require a large amount of funds. Where will the money come from?

The biggest point in this round is the Bitcoin ETF, but it may take a long time to rise to that much. At least it is not realistic in this round.

Today I will tell you about where the money will enter the currency circle if the bull market comes, thus triggering a big bull market.

Where does the money come from in this bull market?

The first, very simple, comes from a donation of new leeks. What I said is a bit harsh, but the new leeks have come in and they are here to donate.

At present, the total amount of U in the currency circle has reached 130 billion, of which the largest is USDT. Last year the number was less than 100 billion. This is an extra 30 billion. Needless to say, it was the new leeks who recharged their money.

If you use a bad analogy and say that the currency circle is an entertainment venue, then there will be 30% more tourists.

At present, technically speaking, we are still in this bear market.

After a technical bull market, according to experience, the amount of funds in the currency circle will increase by more than 10 times, that is, to more than 1 trillion. I said U, not total market cap. There is a relationship between U and total market capitalization. You can figure this out for yourself. What is the relationship?

The second part of the money is the project of newly issued coins

Typically, $STRK and $W in the past two days, OP, ARB, and WLD in the past two years are all counted.

Coins are money, assets are money, goods are money, things are money

But, pay attention, you must pay attention to this place, the premise is that this

Some people want these "things", but they are no longer purely produced and no one wants them. If I make a movie and someone watches it, the movie is money; if I develop a game and people play it, the game is also money; but if I make a dark dish and no one dares to eat it, it It's not money, it's trash

Word limit, see next article for part three