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Remember the days when the crypto Twittersphere was like sitting in the front row of a movie theater watching a blockbuster movie?
The market is like an out-of-control roller coaster, the narrative flips as frequently as flipping pancakes, and every week is full of excitement and excitement like a Hollywood blockbuster.
But where has it all gone now?
If you are still nostalgic for those “surge K-lines” and the time when Bitcoin rose by 20% in a single day, Nic Carter wants to make you smile with tears in your eyes:The reason cryptocurrencies are boring right now is because we’re winning.
From the collapse of large exchanges to Eastern bans, from Elon Musk’s tweets to the new crown black swan incident, the development path of the encryption industry has been full of ups and downs.
Jamie Dimon (CEO of JPMorgan Chase) has denounced Bitcoin as a “fraud” and threatened to fire any employee involved in cryptocurrency trading at JPMorgan Chase.
And now,The world’s largest bank is hoarding stablecoins.Dimon even admitted: “Cryptocurrencies are real and stablecoins are real.”.
Not only does JPMorgan Chase allow clients to use Bitcoin and Ethereum as collateral for loans, it also launches its own blockchain infrastructure.
Are those crazy days really gone?Have cryptocurrencies really become boring?Should we look to new asset classes for excitement?
It turns out that Gandhi’s famous quote, “First Ignore you, then laugh at you, then go against you, then you win,” may be more relevant to cryptocurrency’s trajectory than anyone imagined.
At the heart of this shift in atmosphere, asNic CarterAs stated in the X platform post: The reason why volatility has weakened is that we won.
He said:“Cryptocurrency is boring because so many unanswered questions have been answered.”
Existential speculation about whether stablecoins will be banned, or whether writing smart contracts will lead to jail time, is long a thing of the past.
The extreme volatility of “making money before noon and going bankrupt in the afternoon” was rooted in the scarcity of regulation. No one knew when the rules would suddenly change.
Now, the “Stablecoin Supervision Act” clarifies the regulatory rules for stablecoins, and the “Crypto-Asset Classification Clarification Act” draws a clear line between securities and non-securities.
EvenThe combination of cryptocurrency and traditional finance has also changed from “a hot topic full of risk premiums” to a “historical footnote”.
When “holding U.S. Treasury bonds on-chain” becomes a daily business operation, and when BlackRock’s cryptocurrency exchange-traded products (ETFs) no longer cause controversy, volatility will naturally decrease and cryptocurrencies will become “boring.”
Despite the muted price action, what was once a “wild opportunity” is now viewed by many as a “playground turned into a parking lot.”
Bitcoin analyst Will Clemente commented: “To be honest, the atmosphere in the cryptocurrency chat group I am in is too depressing. Many people have either completely given up on switching to other asset classes, or are preparing to do so.”
ButClementeI don’t feel sorry for this.In his view,Regulatory clarity, Wall Street’s involvement, and lackluster stability are proof that cryptocurrencies are “winning.”.
The entire industry has matured: what was once a “carnival of technology risks” has now become a “technology base layer” adopted by global giants.The new rules of the game are no longer “taking advantage of legal loopholes” but “creating products that truly create value under the sun.”
Wall Street isn’t just joining the party;He also directly controlled the right to speak..
BlackRock, JPMorgan Chase, and even Dimon’s sudden change of attitude has now become a classic story in the cryptocurrency circle.
From “deniers” to “builders”, the shift of the old forces has put an end to an old set of gameplay that was “oriented towards chaos and rewarded ‘speculators'”.
Nowadays, cryptocurrencies are really boring.The rigor of traditional finance brings real funds, reliable custody and complete infrastructure.
The “Wild West” legend is being replaced by compliance teams, pension allocators and cautious bankers.
That’s all well and good, it’s just that some of us still miss those “outlaw” days.This “History of the Development of Cryptocurrency” always makes people feel familiar.
