Would you buy BTC when it reaches $100,000? 99% of retail investors wouldn't. Coming to the crypto world, a high-risk market, is definitely to seek 10 times the return. Moreover, BTC is so expensive that it's unlikely for newcomers to buy. The probability of a newcomer buying BTC and holding onto it is even lower than the probability of a nuclear war breaking out. If no one buys, BTC will become stagnant and market makers will be left singing alone. How can we attract newcomers? Through crazy advertising. What is the best advertisement? I'll tell you, it's not a celebrity endorsement or a TikTok promotion, but your neighbor's dog who bought coins in the crypto world and exchanged them for a villa, like DOGE and SHIB in the last round. This is the best advertisement. Once the wealth effect is generated, it will spread like a virus, attracting new people from outside the circle. This is also why some altcoins skyrocket at the end of a bull market, to attract newcomers to get on board. Everyone is rushing in for the dream of getting rich.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Would you buy BTC when it reaches $100,000? 99% of retail investors wouldn't. Coming to the crypto world, a high-risk market, is definitely to seek 10 times the return. Moreover, BTC is so expensive that it's unlikely for newcomers to buy. The probability of a newcomer buying BTC and holding onto it is even lower than the probability of a nuclear war breaking out. If no one buys, BTC will become stagnant and market makers will be left singing alone. How can we attract newcomers? Through crazy advertising. What is the best advertisement? I'll tell you, it's not a celebrity endorsement or a TikTok promotion, but your neighbor's dog who bought coins in the crypto world and exchanged them for a villa, like DOGE and SHIB in the last round. This is the best advertisement. Once the wealth effect is generated, it will spread like a virus, attracting new people from outside the circle. This is also why some altcoins skyrocket at the end of a bull market, to attract newcomers to get on board. Everyone is rushing in for the dream of getting rich.
#币圈观察员