Looking at the current US stock market, it's a bit surreal. Interest rates remain high, debt piles up, and by all logic, the stock market should have collapsed long ago, but the reality is that tech giants keep soaring upward. Essentially, this momentum is sustained by two things: one is the fanatic belief in AI, and the other is the market’s speculation on policy expectations.
The problem is, everyone knows well that tech stocks are already ridiculously expensive, and companies' actual profits can't keep up with the stock price increases, but once expectations are formed, funds dare to blindly rush in. This is no longer investment; it's almost collective hypnosis.
Recently, I often lament how crazy the world is, but now this level of craziness truly exceeds expectations. Assets outside the crypto circle are skyrocketing, fiat currencies are continuously depreciating. Behind this seemingly prosperous appearance, the entire financial system's risk exposure has expanded to an unprecedented level.
Based on this logic, it’s foreseeable that a significant wave of capital will flow into the crypto market. Essentially, this is a form of financial nihilism hedging against another kind of financial nihilism—chaos in traditional finance is driving up demand for assets like BTC and ETH. This flow is almost inevitable.
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.
16 Likes
Reward
16
10
Repost
Share
Comment
0/400
ShibaMillionairen't
· 12-28 23:16
The term "mass hypnosis" is perfect, it feels exactly like when I was trading contracts before, just crazily throwing money in regardless of the consequences.
Honestly, instead of waiting for the US stock bubble to burst, it's better to get on the BTC train early, since fiat currency will eventually become worthless paper.
This wave of capital shifting into crypto is inevitable; traditional finance is digging its own grave.
AI hype has already gone too far; now it's just a matter of who will be the last to take the fall.
So, our crypto world is the real way to hedge against this financial chaos, isn't it?
View OriginalReply0
SatoshiLeftOnRead
· 12-27 22:29
This is ridiculous. What kind of investment is this? Pure hypnosis conference. Only after traditional finance collapses will people realize that BTC and ETH might really become safe-haven assets.
---
To be honest, high valuations are just a game of hot potato; someone always has to catch the last one.
---
The stock market supported by AI faith is incredibly虚. We should move our funds into crypto as early as possible.
---
With such piled-up debt and high interest rates, can the US stock market still soar? It's truly outrageous; we can only bet on policy missteps.
---
Financial nihilism hedging against financial nihilism, I understand this logic. Anyway, money has to flow somewhere; might as well be BTC.
---
The collective hypnosis is intense, but that's the reality. Expectations drive funds to rush in, and no one dares to operate in the opposite direction.
---
With risk exposure expanded to this extent, the crypto world is really the last escape route. Where else can we run to?
View OriginalReply0
fork_in_the_road
· 12-25 23:50
Basically, throwing money anywhere is gambling. Instead of believing in the illusory AI dream of the US stock market, it's better to just jump on BTC directly for a more straightforward ride.
View OriginalReply0
AirdropHuntress
· 12-25 23:42
This is the logic I've been watching all along. According to research and analysis data, the divergence between the recent rise in the US stock market and the fundamentals has become outrageous. The gap between actual profits and stock prices is widening, and it will have to be corrected sooner or later.
View OriginalReply0
BoredApeResistance
· 12-25 23:42
Funds have nowhere to go, better to gamble than to sit in the bank waiting for devaluation. Anyway, everyone is playing with fire, I might as well take a bit of courage.
---
That’s a really clever way to put it; using the term collective hypnosis is brilliant. Feels like I’m sleepwalking...
---
The demand for BTC and ETH isn’t some kind of financial nihilism; it’s just an instinctive reaction to escape from the front lines. Those who understand, understand.
---
This wave indeed exceeded expectations, but it’s also an opportunity. Compared to those junk stocks in the US market, holding some crypto feels more solid.
---
Haha, the hype about policy expectations is basically gambling on politicians’ words. Its reliability is just as high as a betting dog.
---
The entire system is inflating a bubble, so I have to blow it up too. Whoever ends up taking the loss is unlucky.
---
Fiat currency devaluation is truly terrifying; a friend recently lost a lot even holding USD. Now I only trust crypto.
---
The risk exposure has expanded to an unprecedented level, sounds very exciting. At such times, it’s either all wins or all losses; the middle path is already blocked.
View OriginalReply0
wagmi_eventually
· 12-25 23:40
It's all just hype, but what about real profits? Isn't it just a casino mentality?
Basically, it's just desperate gambling under a pile of bad debts.
The devaluation of fiat currency... we've seen it clearly long ago. BTC is just an insurance policy.
Funds have no other choice but to rush into crypto, or what else?
The term collective hypnosis is spot on, it really says it all.
The entire system is just self-indulgent; we're just waiting to reap the rewards.
It's ridiculously expensive but still pouring money in—that's the logic of a madman.
A wave of capital flowing into crypto is a certainty; just sit back and watch the show.
Void against void, since it's all an illusion, I want real assets.
View OriginalReply0
retroactive_airdrop
· 12-25 23:40
Basically, it's hot potato; who will take over next depends on who has the fastest hands.
View OriginalReply0
MultiSigFailMaster
· 12-25 23:29
Basically, it's a game of hot potato; whoever catches the last stick is doomed.
Wait, isn't this logic just giving us a reason to enter the market?
The recent rally in the US stock market is truly outrageous, feeling like it's just blowing bubbles.
Collective hypnosis haha, but the real money isn't made by retail investors like us.
The junk of traditional finance, the crypto world takes the blame, anyway BTC won't lie to me.
It's all about hype expectations, who cares about the company's actual profits anymore.
This wave of capital flowing into crypto is definitely real.
In an era of extreme risk exposure, what else can we do but get on board?
View OriginalReply0
AltcoinMarathoner
· 12-25 23:25
ngl, the macro setup screaming "risk-off into crypto" is exactly what we saw during previous accumulation phases. traditional finance burning itself down while btc runs its own race — it's not new, just cyclical. mile 20 vibes, everyone's gassed on the hype but the fundamentals still painting that long-term picture. stay stacking.
Looking at the current US stock market, it's a bit surreal. Interest rates remain high, debt piles up, and by all logic, the stock market should have collapsed long ago, but the reality is that tech giants keep soaring upward. Essentially, this momentum is sustained by two things: one is the fanatic belief in AI, and the other is the market’s speculation on policy expectations.
The problem is, everyone knows well that tech stocks are already ridiculously expensive, and companies' actual profits can't keep up with the stock price increases, but once expectations are formed, funds dare to blindly rush in. This is no longer investment; it's almost collective hypnosis.
Recently, I often lament how crazy the world is, but now this level of craziness truly exceeds expectations. Assets outside the crypto circle are skyrocketing, fiat currencies are continuously depreciating. Behind this seemingly prosperous appearance, the entire financial system's risk exposure has expanded to an unprecedented level.
Based on this logic, it’s foreseeable that a significant wave of capital will flow into the crypto market. Essentially, this is a form of financial nihilism hedging against another kind of financial nihilism—chaos in traditional finance is driving up demand for assets like BTC and ETH. This flow is almost inevitable.