When Wall Street starts playing the funding game, it indicates that the crypto world has returned to those days where narrative reigns supreme. The reality is too far away; isn't the upward spiral appealing?
I've said for a long time that the only way to get rich in this world is through Ponzi schemes. In the early days, there were EOS Ponzi schemes and Fil Ponzi schemes, which made a lot of people wealthy. Last year, there was labubu in the Hong Kong stock market, which was a perfect scheme. Even in the US stock market, there are plenty of examples of Ponzi schemes where you step on your left foot with your right foot. Now in the crypto space, Bitcoin, Ethereum, and MicroStrategy's strategies are also Ponzi schemes. It's important to note that when these stock-coin strategies turn, you must run away. When the scheme collapses, it can be a double whammy like the Davis double kill, with a spiral feedback between stocks and coins, dropping to a point where you can't recognize it.
How to judge when to run away and protect your wealth? That relies on real skills.
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