If gold is the return of the old gods, how should cryptocurrency position itself?
A mining company (Zijin Mining) plans to significantly increase gold production by 50%, thus breaking through a market value of a trillion.
Does this relate to our crypto circle?
It is very relevant.
This raises several soul-searching questions:
Question 1: When gold is reinforced on the altar by traditional financial giants with massive capital, does the story of Bitcoin as digital gold become more attractive or less so?
Is institutional money unlimited? If not, which 'god' will they prioritize to worship?
Question 2: Zijin Mining bets that the world will remain turbulent in the coming years, and people will need gold more.
This effectively opens a huge lever for risk-averse sentiment.
Will this make the risk asset properties of cryptocurrency more prominent, thus completely separating it from the trends of gold?
In the next bull market, will there be a differentiation where 'gold rises, Bitcoin falls'? What is the independent narrative of cryptocurrency?
Question 3: Zijin succeeded by acquiring mines and expanding production capacity.
What insights does this provide for builders in the cryptocurrency field (such as public chains, DeFi, and infrastructure projects)?
Are we acquiring users and expanding application capacity, or are we just reinventing the wheel?
Can the crypto world give birth to a giant that integrates key applications and traffic like Zijin integrates gold mines?
This news serves as a mirror. It reflects not only the strength of gold but also the positioning anxiety of cryptocurrency in the face of traditional finance's grand narrative.
Should we choose to become the digital version of gold, or completely become something else? This question needs each participant to answer with action. #BTC何时反弹？
