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A few days ago I saw a chart, and the data was quite interesting. In 2017, Bitcoin once surged by 1331%, and in the years since, I haven't seen a single increase of over 1000%. Comparing the two, 2024 sees the approval of Bitcoin spot ETFs and the election of pro-cryptocurrency Trump as President by the end of the year. What does this indicate? It suggests that before 2024, Bitcoin was essentially sidelined and not officially recognized.
Now, the situation is completely different. The entire cryptocurrency industry is still in the early exploration stage and has far from reached its ceiling. Personally, I believe there is a significant chance that Bitcoin will see a rise of over 1000% in the future.
However, recently on social media, I keep seeing some KOLs saying, "Bitcoin has no potential, it's already surged all it can, go buy altcoins." Honestly, I really can't understand this kind of argument. The altcoin market is very complex, and there are too many examples of project teams scamming retail investors. Why do KOLs push certain altcoins? Quite simply, they probably received promotional fees from the project teams. Such coins are suitable for short-term trading—buy in, sell out, no problem. But if you seriously want to do long-term investing or dollar-cost averaging, Bitcoin is the most reliable path, with relatively manageable risks.