Crypto Versus Nasdaq and Crypto Still Alive
The Total Market Cap (Excluding Bitcoin) versus Nasdaq is telling very interesting story.
Bitcoin Maximalist keeps calling for Altcoins to die, but yet here we are, Altcoins are still here, not knowing that Bitcoin is being manipulated the same way as altcoins are.
Altcoins are still alive, and despite the massive rally in Nasdaq for the past few months, the crypto market is catching up back and again versus Nasdaq.
Which tells us many things, that as long as there are ABUNDANCES of capital around the world, CAPITAL will eventually FLOW to riskier assets and crypto is one of them.
People have been calling the market top for many years, yet, we have Tesla, Shopify, AMD and hundred more stocks that were doing well and giving exponential wealth growth.
These people DON'T UNDERSTAND capital flow. Period.
I am still waiting for altcoins and crypto to die, yet, when I look at facts, more and more people are coming INTO this whole space. More infrastructure being built, and of course more speculations.
Regardless, we DONT FIGHT against trend and we DONT FIGHT against generational shift.
Let's data speaks. Data speaks louder than what most people say. And data is what matters to me, and only that matters to me.
Be smart, humans have been given brain to think.
Regards.
Bitcoin Maximalist keeps calling for Altcoins to die, but yet here we are, Altcoins are still here, not knowing that Bitcoin is being manipulated the same way as altcoins are.
Altcoins are still alive, and despite the massive rally in Nasdaq for the past few months, the crypto market is catching up back and again versus Nasdaq.
Which tells us many things, that as long as there are ABUNDANCES of capital around the world, CAPITAL will eventually FLOW to riskier assets and crypto is one of them.
People have been calling the market top for many years, yet, we have Tesla, Shopify, AMD and hundred more stocks that were doing well and giving exponential wealth growth.
These people DON'T UNDERSTAND capital flow. Period.
I am still waiting for altcoins and crypto to die, yet, when I look at facts, more and more people are coming INTO this whole space. More infrastructure being built, and of course more speculations.
Regardless, we DONT FIGHT against trend and we DONT FIGHT against generational shift.
Let's data speaks. Data speaks louder than what most people say. And data is what matters to me, and only that matters to me.
Be smart, humans have been given brain to think.
Regards.
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