跟随特朗普的牛市

很多老玩家、经验丰富的投资者都觉得，2024年的牛市与2021年的牛市有很大不同，难度也不同。

This article analyzes the unique characteristics of the 2024 bull market in crypto assets, highlighting the role of Trump's presidency and Western concepts in shaping the market narrative.

本文分析了 2024 年加密资产牛市的独特特征，强调了特朗普总统任期和西方观念在塑造市场叙事中的作用。

The article begins by discussing the challenges faced by the bull market, including the lack of native narrative creation, absence of new investors, influx of projects with high FDV for harvesting, and the stalled progress towards mass adoption.

文章首先讨论了牛市面临的挑战，包括缺乏本土叙事创作、缺乏新投资者、高 FDV 项目涌入等待收获以及大规模采用进展停滞等。

Despite these challenges, the article argues that the key to wealth often lies within the riddle itself. Following Trump's presidency, crypto assets have seemingly become a market dominated by the West. Almost all major positive news and narrative innovations in this round have come from Western capital, whether it's SocialFi, DePIN, or Restaking.

尽管存在这些挑战，文章认为，财富的关键往往就在于谜语本身。特朗普就任总统后，加密资产似乎已成为西方主导的市场。本轮几乎所有重大利好消息和叙事创新都来自西方资本，无论是SocialFi、DePIN还是Restake。

In this "most difficult bull market in history," one can simply switch to Easy mode by following Trump and Western concepts. Trump's Positive Meme

在这场“史上最艰难的牛市”中，只要跟随特朗普和西方理念，就可以切换到Easy模式。特朗普的积极模因

BTC

比特币

After Trump took office, BTC was the first to lead the charge. With the memories of the 2021 boom still fresh, many old players hope to replicate the previous Alt season, while new players are lost in the fantasy of "going all in on altcoins and lying down to get rich." However, in this bull market, holding BTC has already outperformed a portfolio full of altcoins.

特朗普上台后，BTC率先冲锋。 2021年的繁荣记忆犹新，不少老玩家希望复制之前的山寨币赛季，而新玩家则迷失在“全力投入山寨币，躺着致富”的幻想中。然而，在这次牛市中，持有 BTC 的表现已经优于充满山寨币的投资组合。

Since the beginning of the year, BTC has surged from 40k to around 98k, achieving a return of over 200%. The only assets that have outperformed BTC during this period are those in the meme sector and some mainstream public chain tokens (such as SOL and SUI), while most altcoins have shown little price difference compared to the beginning of the year.

今年以来，BTC从4万飙升至9.8万左右，实现了200%以上的回报。在此期间唯一表现优于 BTC 的资产是 meme 领域的资产和一些主流公链代币（如 SOL 和 SUI），而大多数山寨币与年初相比价格差异不大。

Before the election, Trump has been publicly promoting BTC. At the Bitcoin 2024 conference held in Nashville, Trump appeared and delivered a nearly one-hour speech, claiming he would "fire the SEC chairman" and "never sell your Bitcoin." He also announced plans to establish a national strategic reserve for Bitcoin and ensure that the U.S. becomes the world's crypto center and a Bitcoin superpower. After Trump's election, the various favorable policies and positive commitments towards Bitcoin are quite rare in the global capital market. With Trump's endorsement, BTC broke through the long-standing resistance at the 70k mark with brute force, achieving a 40% increase in a short period.

大选前，特朗普一直在公开宣传比特币。在纳什维尔举行的比特币 2024 大会上，特朗普亮相并发表了近一小时的演讲，声称他将“解雇 SEC 主席”并“永远不会出售你的比特币”。他还宣布计划建立比特币国家战略储备，确保美国成为世界加密货币中心和比特币超级大国。特朗普当选后，对比特币的各种利好政策和积极承诺在全球资本市场上实属罕见。在特朗普的背书下，BTC强势突破70k关口长期阻力，实现短期涨幅40%。

In addition to the ETF, the national strategic reserve and Bitcoin superpower narrative have become the biggest stories for BTC.

除了ETF之外，国家战略储备和比特币超级大国叙事也成为BTC最大的故事。

DOGE

狗狗

As the original meme coin, Dogecoin has deep ties with Musk and Trump. In April 2019, Musk tweeted that Dogecoin was his favorite cryptocurrency, calling it "cool." In May 2021, during an episode of Saturday Night Live, Musk referred to himself as the "Dogefather" and called Dogecoin "the people's crypto." Over time, Musk has become increasingly associated with Dogecoin, even becoming its public image spokesperson. To this day, DOGE has gone through four bull and bear cycles but remains firmly in the top ten of crypto market capitalization.

作为最初的模因币，狗狗币与马斯克和特朗普有着深厚的渊源。 2019 年 4 月，马斯克在推特上表示，狗狗币是他最喜欢的加密货币，称其“很酷”。 2021 年 5 月，在《周六夜现场》的一集中，马斯克称自己为“狗狗之父”，并称狗狗币为“人民的加密货币”。随着时间的推移，马斯克与狗狗币的联系越来越紧密，甚至成为其公共形象代言人。时至今日，DOGE已经经历了四轮牛熊周期，但仍稳居加密货币市值前十。

Most people hold the belief that "the market cap is too large to move" and "buy new, not old," and thus do not pay much attention to DOGE. However, after its launch, DOGE embarked on an independent rally, stunning everyone with its "path to growth." It has quadrupled in the past year and doubled in the past month, heading straight for $1.

大多数人持有“市值太大而无法移动”和“买新不买旧”的信念，因此不太关注DOGE。然而，上线后，DOGE却走上了独立造势之路，以其“成长之路”震惊了所有人。它在过去一年里翻了四倍，在过去一个月里翻了一番，直奔 1 美元。

PEPE

PEPE

The name Pepe comes from the character Pepe the Frog created by American cartoonist Matt Furie, first appearing in his work "Boy's Club." This character won affection with its cute appearance and comical expressions, gaining some attention on the internet. Pepe the Frog first appeared in a comic in 2005 and later became a widely recognized meme in internet culture. Pepe Coin was launched on Ethereum in April 2023 and began to surge in February of this year after nearly a year of consolidation. It has since maintained a market cap fluctuating in the billions.

Pepe这个名字来源于美国漫画家Matt Furie创作的青蛙佩佩（Pepe the Frog）角色，首次出现在他的作品《男孩俱乐部》中。这个角色以其可爱的外表和滑稽的表情赢得了人们的喜爱，在网络上引起了一些关注。佩佩青蛙于 2005 年首次出现在漫画中，后来成为网络文化中广泛认可的模因。佩佩币于 2023 年 4 月在以太坊上线，经过近一年的盘整，于今年 2 月开始飙升。此后，其市值一直保持在数十亿美元之间波动。

As a popular meme in the West, Pepe went live on Robinhood and Coinbase after being dormant for six months. Robinhood, the largest trading platform for U.S. stocks, previously only listed DOGE and SHIB as meme coins, and the addition of PEPE indicates the U.S. market's recognition of PEPE. This significant development for Pepe in the U.S. market led to a 50% surge, briefly breaking the $10 billion mark.

作为西方流行的模因，佩佩在休眠六个月后在 Robinhood 和 Coinbase 上上线。美股最大交易平台Robinhood此前仅将DOGE和SHIB列为meme币，PEPE的加入表明了美国市场对PEPE的认可。 Pepe 在美国市场的这一重大发展导致其股价飙升 50%，短暂突破 100 亿美元大关。

WIF

无线IF

In late December 2019, images of various logos and images added to beanies became popular as profile pictures among esports organizations and celebrities on Twitter. WIF, short for dogwifhat, was inspired by the original meme "DOGE," combined with the viral characteristics of the beanie.

2019 年 12 月下旬，各种徽标的图像和添加到无檐小便帽上的图像作为 Twitter 上电子竞技组织和名人的个人资料图片而流行。 WIF 是 Dogwifhat 的缩写，其灵感来自于原始模因“DOGE”，并结合了无檐小便帽的病毒特征。

WIF's trajectory is similar to that of PEPE, making it a younger sibling of PEPE.

WIF 的发展轨迹与 PEPE 相似，是 PEPE 的弟弟。