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Why isn't your altcoin pumping?
Because the money went to a place that's twice as big as the crypto industry.
Nvidia's GTC opened today with a market cap of $4.4 trillion. The entire crypto market combined is $2.54 trillion.
The industry you stare at every day is less than half the size of theirs.
This isn't just a comparison. This might be the real reason why this cycle has "no altseason."
In previous bull markets, there wasn't much else to trade in the market, and money rotated back and forth between BTC and altcoins. But this cycle is different. AI, computing power, and the Nvidia ecosystem have drained a much larger capital pool than crypto.
The competition is no longer the altcoin next door—it's a $4.4 trillion monster. Now even crypto miners themselves are heading over there.
Listed mining companies have signed over $65 billion in AI contracts. With the same electricity, mining is valued at 4.5 million per unit, while AI is valued at 30 million per unit.
Do you still expect these people to secure your network?
We used to always say the money is still in the market, just rotating.
Maybe now we should ask: is the money even still in the market?