BTC returns to 100,000, the president supports encryption, but why isn't everyone happy?

Author: Happy

Compiled by DeepTech TechFlow

The price of Bitcoin has exceeded $100,000; we have a president who supports cryptocurrencies, but strangely, everyone seems angry.

The Overton Window (referring to the range of public acceptance of a certain issue) has undergone a thorough change. This time, things are indeed different, but not as we expected.

Trump’s presidency has brought about a perplexing puzzle - what does this mean for my digital assets? Countless thoughts have sprung to mind.

On the one hand, he is the most powerful person in the world, but he is openly “posting propaganda” for our cryptocurrency.

On the other hand, he used his power and influence to launch a Meme coin that diluted market value, benefiting his family and attempting to extract capital as much as possible in this field.

Reality is often more bizarre than fiction.

Looking back at the history of Bitcoin, the original supporters designed a game theory plan, predicting how Bitcoin would gradually take over the world. They believed that governments would initially oppose us, but in the end, we would emerge victorious. On the surface, it seems that this has indeed come true.

Bitcoin did win. It has transformed from an image of “money for evil people to fund illegal activities” in the past to “money for freedom” today, accepted and promoted by the most powerful institutions, individuals, and even countries in the world.

Celebrities like Larry Fink, Donald Trump, Stanley Druckenmiller, Ray Dalio, and Elon Musk have all expressed positive views on Bitcoin at some point. This is in stark contrast to a decade ago when the only use case for Bitcoin might have been to buy a pizza or to have environmental protesters glue themselves to your driveway and accuse you of ‘destroying the earth’.

However, for those who spend 16 hours a day staring at computer screens, chatting with friends online, and speculating wildly on virtual currencies, I feel that the future may become even more bizarre and challenging.

In the development history of cryptocurrencies, we have been envisioning the changes that these technologies could bring in the ‘future’. ‘The whole world will be on the blockchain’, ‘everyone will trade with stablecoins’, ‘NFTs will replace physical art’, ‘decentralized finance (DeFi) will replace traditional banking systems’.

But historically, these ideas have never been truly realized. The technology is not yet mature, and the government is hostile to this field. They would rather we not exist, so they will use all means to suppress us.

Therefore, many teams have to focus their energy on designing products that not only avoid legal risks, but also maximize the coin price, while designs that truly prioritize user experience have long been at the bottom of the priority list.

To some extent, this situation is indeed very favorable for us Internet geeks. In order to boost the price of the currency and avoid legal risks, a major strategy adopted by many project teams is to directly distribute tens of thousands of dollars in ‘free funds’ to us through the form of airdrops (Airdrops).

According to CoinGecko’s statistical data, the total amount of the top 50 airdrops is as high as 26 billion US dollars.

Due to the environment at that time, it was almost impossible to produce truly high-quality products. Instead, we pretended that these projects had already achieved their goals and valued them accordingly.

As a result, we have witnessed many strange phenomena: Layer 1 without users has a higher valuation than most traditional technology companies; The valuation of “Ponzi stablecoins”, which rely on new money injections to maintain value, even exceeds the GDP of some countries; APE pictures are even more expensive than some properties.

What I want to express is that the entire cryptocurrency industry is built on an incentive mechanism that has serious problems.

In this system, it is as easy to talk about building something as it is to actually build it and get rich. Although many of us criticize this phenomenon, we also directly benefit from it.

However, I believe this situation may soon change.

With the emergence of governments and regulatory policies that support cryptocurrencies, we finally have the opportunity to design serious and practical products for those who truly need them.

This is great news for the entire industry, but I have no idea what this means for us ‘speculators’.

In a world where legal clarity drives real innovation, will innovators continue to give us “free money” through airdrops?

Will more professionals enter the chain ecology and weaken the current ‘speculative spirit’ when the legal environment becomes clearer?

If a cryptocurrency project achieves technological breakthroughs and attracts “real users,” what fate will applications that still have no users face?

If the government goes from hostility to support, will we blindly turn to using those more centralized blockchains?

When the threshold for creating Tokens is reduced to zero, will all Tokens be diluted and lose value as a result?

As higher quality applications continue to emerge, will we see a large influx of actual users into the on-chain economy and spending funds? Will these funds stay on the chain long-term or be withdrawn back into the traditional economy?

In the end, will we go towards a situation similar to Web 2.0 - where a few companies make all the money and other projects pale in comparison?

Does the future of your family really depend on whether you bought those seven coins? If you missed them, will you be doomed to poverty because you held Ethereum ( for too long?

Will Michael Saylor sell all his Bitcoin )FSH( due to a momentary impulse? This sounds absurd, but if it really happens, we might end up with nothing.

Will the Ethereum Foundation )Ethereum Foundation( suddenly dissolve, and we can only watch Vitalik crazily create a new blockchain with his ‘Milady spirit’?

What would happen if Trump decides to launch a ‘USA Chain’ and airdrop )Token( to every citizen, while imposing heavy taxes on other chains and tokens?

Will these changes cause a rise in cryptocurrency prices, or will they lead to a market crash?

To be honest, I have no answer at all. This may be the most confused moment for me in the past five years.

The only thing I am certain of is that everything will change, and the cryptocurrency world four years from now will be completely different from what it is today.

So, how should I deal with these changes?

To be honest, I am not intelligent, but I have luckily made some money in the past few years. Therefore, I have decided to reduce investment risks and withdraw some funds from the crypto market.

I can no longer bear to put 95% of my net worth on those “virtual currencies”, which will plummet by 95% every few years.

I really dare not tell my girlfriend that I have gambled our future on Trump fulfilling his campaign promises. And before that, I had already bet everything on him winning the election.

However, I feel that I may perform better in the future. After all, now I know that even if I mess up, I won’t end up on the streets because I have transferred some of my assets to “real assets”.

At the same time, I am also quite fearful of the possibility of advanced scams and phishing attacks that may arise this year. Now that we have AI that can write content better than most humans, I believe it’s only a matter of time before these robots are specifically designed to deceive you and steal your private keys.

In order to cope with possible future risks, I am also considering hedging. Adopting a decentralized strategy with multiple devices, multiple wallets, and multiple chains is more important than ever, and I am also using a hardware wallet.

I will continue to hold all of my Bitcoin )Bitcoin(. This is the only asset in the crypto space that I truly trust, and I believe that Bitcoin still has tremendous growth potential in the next decade.

As for my plan, it is to respond as appropriate and adapt to the circumstances. The future will be full of unknowns and surprises, and innovation will continue to emerge. The field of cryptocurrency will usher in tremendous development, as well as countless opportunities.

I hope to stay flexible. I hope to hold some stablecoins on hand to participate in all the exciting new projects, whether they are experimental, seemingly absurd, or based on meme culture.

I don’t want to take everything too seriously, I hope to enjoy this fun and then make some money and live a happier life.

That’s my plan: make a profit at the right time, make sure my life is stable, keep )HODL( my bitcoins, and then wait and see what happens, and then try to profit from the next opportunities.

The future may be full of unknowns and may be very unusual, but no matter what, please make sure you are at least happy in it.

Final reminder: Do not take this article as financial advice, I am just an ordinary person, and may even be very silly. If you sell your coins, they may rise to one trillion dollars; if you continue to hold them, they may also go to zero. So, close this page and stop looking. Don’t pay attention to me, I’m just talking casually.