CryptoPunster
#BinanceABCs The Truth About Digital Gold: The Funding Game Behind Bitcoin's Big Pump
From a few dollars all the way up to 88343.5 USDT, the rise of Bitcoin is indeed astonishing. But looking closely at this crazy curve, the logic behind it makes one wary - it is not much different from the classic game of passing the parcel.
Without the support of corporate cash flow, without the endorsement of the real economy, and without widespread real application scenarios, the price fluctuations of Bitcoin essentially come down to new money entering the market to fill the profits of older players.
View OriginalFrom a few dollars all the way up to 88343.5 USDT, the rise of Bitcoin is indeed astonishing. But looking closely at this crazy curve, the logic behind it makes one wary - it is not much different from the classic game of passing the parcel.
Without the support of corporate cash flow, without the endorsement of the real economy, and without widespread real application scenarios, the price fluctuations of Bitcoin essentially come down to new money entering the market to fill the profits of older players.