Editor's Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
, reprinted by Odaily with authorization.
In 2021, the beginning of the year is really interesting, a year of witnessing history and watching dramas.
Citron, which has been mainly short-selling all the year round, has changed to long-selling under the pressure of retail investors.
Water can carry a boat, but it can also overturn it. The power gathered by retail investors through social platforms can carve up Wall Street giants.
This mysterious force, regardless of the fundamentals, is just buying, buying, and buying. The last time Wall Street was beaten was the Chinese aunt, who bought gold. But this time, not only did they defeat Wall Street, but they also pulled out Wall Street's underpants. Seeing that they couldn't beat Wall Street, they even learned how to pull out network cables.
This power, coupled with the former richest man Musk, continued to ignite the passion of retail investors. Wherever they went, they went up and up, causing Dogecoin to rise 10 times in one day, and a tweet directly made BTC rise $6000.
GME not only caused heavy losses to Wall Street giants, but also caused a wave of currency circles, attracting funds and a large number of new users to enter the encryption market. According to Binance, tens of millions of users entered the market in a single day.
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1. Dogecoin, the currency circle is activated, the meme is really interesting
Dogecoin, which rose 10 times in one day, once broke into the top 10 by market value. Naturally, Musk, the former richest man in the world and self-proclaimed former Dogecoin CEO, is indispensable here.
A picture of Dogecoin was sent on Twitter, as shown below.
Dogecoin has launched a promotion to the moon. Various jokes and pictures about Dogecoin began to spread on the Internet. Dogecoin is also rising all the way. Binance directly recommends Dogecoin to the top of the homepage. .
Therefore, for the currency circle project, in order to achieve long-term development, it must either be valuable or have a meme. If there are both, then it is a very precious coin.
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2. Musk, calling for a single BTC online, the big guys followed up one after another
Musk not only called Dogecoin, but also called BTC.
Elon Musk, co-founder of SpaceX, Tesla Motors, and PayPal, changed the profile section of his Twitter homepage to Bitcoin.
Previously, Musk’s personal Twitter profile was the former CEO of Dogecoin. In April 2020, Musk tweeted that Dogecoin might be my favorite cryptocurrency, it’s very cool, and in July he posted a picture on Twitter showing a Dogecoin sandstorm sweeping a place marked as Regions of the global financial system.
Musk’s change of Twitter profile directly stimulated the skyrocketing of BTC. The world's biggest Internet celebrity, the power of the former richest man in the world is really powerful. Is this going to bring BTC to Mars and become a currency in circulation on Mars?
Later, it was discovered that the boss of Twitter also changed his profile to bitcoin, and then the co-founder of Reddit.
In the world of DeFi, there is no network cable, and it runs 24/7. Only ETH does not stop running, and everyone can play to their heart's content. Both retail investors and institutions are treated equally, and they can use DeFi tools to go long or short. Welcome to the new DeFi financial system.
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3. Funds and people are pouring into the currency circle, and the times have changed
After Musk's Twitter profile, if you are using the three major exchanges, then you will find that it becomes very stuck. Why is this? Because a large number of users are pouring into cryptocurrency exchanges.
He Yi said that tens of millions of users have poured into Binance.
Among the 6 billion people in the world, tens of millions of users are not too big. However, tens of millions of users have poured into the currency circle. For the currency circle, it can be described as a population explosion. You must know that the number of addresses playing DeFi is only over 1 million, and the number of real users is only a few hundred thousand.
The population is pouring in, and the funds are also pouring in. Last night, 500 million additional USDTs were issued.
The old financial system represented by Wall Street is being questioned, and a new financial system is rising. Times have changed, and this time might really be different. A furious, empowered crowd, repelling Wall Street, is pouring into the world of cryptocurrencies.
