Dr.Hash“Wesley”
Founder of Block Infinity, Poker player, Trader, Chinese whale, @drhashclub
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Those still playing memes now all think they have an edge, like nine people playing cards at a table, each believing they have an advantage and are not the worst at the table; only then can the game get going. But actually, the current situation in the crypto space is like taking a 10bb rake, meaning no one can truly win—winning is just part of the process (occasionally someone gets the result). The rake (the house) uses this to lure retail investors in, and mathematically, only when all the retail investors lose is the law of large numbers fulfilled. Smart people choose not to get involved; only playing in an expanding market is +EV.
This is the 1-minute perpetual contract candlestick chart of $btc on okx, the second largest exchange in the crypto space. Even market makers are gone over the weekend; the liquidity of Bitcoin has basically dried up, and market makers are too lazy to play anymore.
Agree
WuBlockchain
WGC CEO: Why Bitcoin Will Ultimately Go to Zero
On August 5, 2026, David Tait, CEO of the World Gold Council and Chair of the FMSB Precious Metals Working Group, stated in an interview that Bitcoin's price movement is highly correlated with high-risk assets and has failed to decouple and hedge risks as expected; meanwhile, gold possesses inverse safe-haven characteristics. Therefore, he advocates that Bitcoin holders should allocate gold to hedge against each other.
Furthermore, although stablecoins have practical value in institutional and asset-collateralized fields, Bitcoin lacks the widespread trust from the public and the backing of central banks and major financial institutions like fiat currencies do. The lack of substantial use cases and support is the core reason why it will ultimately go to zero.
Source: Bonnie Blockchain
The Bitcoin narrative has completely collapsed and is now inversely correlated with global M2. You can no longer talk about it as an inflation hedge anymore~ Adding the threats of AI and quantum computers, the apocalypse is here for the naive $btc believers.
time for $btc go to 20k
