If somebody asks me whether it is possible to create millions of dollars in crypto, I believe there is an obvious answer for that: Airdrops! Many crypto veterans see airdrops as an opportunity for investors to transfer wealth in a hype.
Contrary to what the central banks do, the way the crypto ecosystem inflates is genuine. The hype about a brand-new token/coin attracts new people and more liquidity to the market. The owners/printers of the new "out-of-thin-air" digital asset get dollars, ETH and BTC in exchange for the new token. In this process, wealth is transferred in a smooth but effective way.
The crypto market turns green when a huge airdrop brings new thousands of dollars. As a consequence of trading the coin for higher levels, the crypto investors add up more coins to their portfolio. Eventually, hype brings to things the ecosystem: new millionaires and new money.
Airdrop and Q.E are Addictive
If you ask me, everyone enjoys airdrops and helicopter money, so, the party should never stop. Seeing inflation as a bubble that has a limit may limit the appetite of millions of common people. The illusion of digits has always been attractive 🤡
The driving force of more money boosts all the markets consequently. The FED has ceased its hard-core Q.T and guess what happened? The months of tightening became non-sense with 2-3 mega credits to revive the banks.
Similar to the stock markets and the survival of banks, I expect the crypto ecosystem to be more on the positive side with the expectation of stable interest rates for a while.
Although we are having some green days in crypto, I believe these good days are heavily under the influence of printed money by the FED. The turbulence in the world is getting wilder and crypto is still the riskiest investment option for many people. The ideology of Bitcoin has been adopted by most of us but a big percentage of the liquidity consists of smart money rather than long-term believers or long-term investors.
The next bull-run in crypto will be wilder than the previous one. Even in the accumulation phase, the market proves the potential of the market to reach up to $10T in a real pump. However, for the current trend, we may only see slight moves up to $34K - $35K depending on the influence of quantitative easing and airdrops furry.
