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I previously said that Bitcoin would become a boring asset, meaning lower volatility and limited gains. For example, Bitcoin now fluctuates between 60,000 and 80,000 or 60,000 and 100,000. Even if it rises to 200,000, that's only a 3x increase, is it interesting?
A bunch of people praise Bitcoin because it used to surge dramatically. When Bitcoin no longer surges wildly and its gains are less than stocks, fewer people like Bitcoin. Gradually, those who used to hype Bitcoin will give up on it.
Essentially, it's not that they like Bitcoin or approve of it; it's that Bitcoin can make money. Just like how Ethereum used to surge and make money. When it stops surging, with such pathetic gains, you see, no one is hyping it anymore.