jakiro
Source: Daoshuo Blockchain
1. Some people say that after the Bitcoin ETF was passed, it was officially incorporated by the Federal Reserve, and Bitcoin became an accomplice in the world of US dollar harvesting.
The view of “Bitcoin was incorporated by the Federal Reserve” sounds very conspiracy theory.It seems that the Fed or the US government’s series of operations on Bitcoin are premeditated.
I am generally cautious about this kind of view.
I would rather regard this series of actions as a policy that the US government has always used in the process of the birth and development of new things: let the bullets fly first, look at them while walking, but once they enter my jurisdiction and my range, I will definitelyI will use my rules to restrict you and control you.
In this process, the actions of many other stakeholders are the same.
The more typical example is the traditional capital of Wall Street.
They started off disdain for Bitcoin, but later quickly turned to embrace Bitcoin and desperately lobbying regulators and related lawmakers.This is not a premeditated plan, but in this process, they quickly smelled the “bloody smell” in it. In order to gain the greatest benefits from it and then dominate this emerging asset, they immediately changed their attitude and activelyPromote subsequent actions.
We can see that in this process, the power of the US government is not unilaterally dominant, but the result of the interweaving, entanglement and compromise of the interests of all parties.
The final result achieved by the compromise and balance of all parties objectively turns the US dollar and the United States into the dominant force of crypto assets.
As for some people’s views that “Bitcoin is an accomplice in the US dollar’s harvesting world”, “there are forces behind the scenes that manipulate the price of Bitcoin and then let the whole world take over”, I do not agree with this kind of view.
Because this sounds like it has promoted those big capitals and institutions to the sky, and they think they can do everything, and they think they can control the whole world.
Old readers who have read my articles know my usual attitude: in my opinion, most of them are just retail investors with a lot of money.
During the 2008 financial crisis, were the big winners such as Goldman Sachs, Morgan and Citi?It is the unknown Paulson.
Not to mention big capital, even the US government has made a lot of tricks and failed mistakes in history.
How did the collapse of the Bretton Woods system trigger?It was De Gaulle who saw that the US government could not repay the gold and forced it to submit.
Back to the crypto market, you might as well recall the so-called big capital operations that broke out during the last round of bulls and bears – even many retail investors were not as good as those.
In the above examples, why did those large institutions have problems?Why is the US government exposed?Why are the performance of those big capitals so depressed?
It’s not because their opponents are so magical, but because their opponents dare to examine them with the simplest and most straightforward rules through their flashy appearance.
So in the financial market, whoever harvests who can laugh to the end often looks at the most basic principles and simple principles, rather than the superficial qualities on the surface.
In the face of market rules, no one or any institution can control everything.
Follow the most basic principles, formulate our strategies, control our human nature, and strictly operate. It is unknown whether the United States can harvest others, but it will definitely not be able to harvest us.
2. About the re-pled track
Readers often ask questions about re-pled tracks.
In fact, there are only a few popular projects in this track: EtherFi, Swell, Renzo, Kelp, Puffer, and the most core EigenLayer.
Among these projects, EtherFi is currently issued, and the response to token issuance is currently very good.As a result, more funds began to flow into other projects that had not yet issued coins.
I remember writing a few months ago that specifically analyzes EigenLayers from a technical perspective and the risks they may have.
These risks still exist today, and I have read a worrying data these two days:
Currently, Ethereum, which is staked in EigenLayer, has an utilization rate of only about 10%, which means that only 10% of Ethereum is used to provide “security”.
From the perspective of income, we can say that only 10% of Ethereum in EigenLayer has real collateral income, while the other 90% are idle.
Obviously, this situation cannot provide profits to the entire EigenLayer ecosystem in the long run.But even so, there is still a steady stream of funds pouring in.
Why?
Because everyone is coming to send coins.
So for this track, my advice is very simple: you must only use the funds you can afford to mortgage it, and choose one or several well-known large projects to participate in.There is no need to go into the rest.
