KEYTAKEAWAYS
- Monad testnet hits nearly 110 million addresses, signaling strong traction—but concerns grow over address farming and whether testnet hype reflects real long-term value.
- Bill Gross warns investors to stay cautious, comparing tariff tensions to historic crises, citing rapid market impacts and ongoing uncertainty with no quick recovery in sight.
- Michael Saylor says Bitcoin’s short-term drops reflect its unmatched liquidity, not long-term weakness, as traders sell what’s easily available during panic—not what they truly want to.
CONTENT
MONAD TESTNET NEARS 110 MILLION ADDRESSES
As of April 4, on-chain data shows that the Monad testnet has reached 109,868,108 total addresses, with 7,445,010 new addresses added in the past 24 hours.
Analysis:
The fact that Monad’s testnet has surpassed 100 million addresses, with over 7 million added in just one day, shows strong community engagement and technical appeal. This comes as the market is showing high interest in high-performance chains.
However, such rapid growth may include speculative activity, similar to the “address farming” seen in Solana’s early testnet phase. In my view, Monad’s real value will depend on its mainnet performance—especially TPS and actual DApp adoption—not just testnet numbers.
LEGENDARY INVESTOR BILL GROSS: STAY ON THE SIDELINES
On April 4, billionaire and “Bond King” Bill Gross told Bloomberg that the market impact of Trump’s tariff policies is similar to the collapse of the Bretton Woods system—both have major long-term effects. However, this time, the negative consequences are faster and more direct.
Analysis:
Gross’s comparison to Bretton Woods may be a bit dramatic, but his point about the “fast and direct” impact is valid. The recent stock selloff (S&P 500’s worst single-day drop in five years) shows market fear over supply chain issues and inflation. His advice to wait is wise for risk-averse investors.
Still, if the ECB cuts rates or Trump softens his stance, buying opportunities could come sooner. I believe the long-term impact of tariffs depends on retaliation and the Fed’s response. Short-term volatility is likely, but not necessarily a bottomless pit.
MICHAEL SAYLOR: BITCOIN IS THE MOST LIQUID ASSET
On April 4, Michael Saylor responded on X to the question of why Bitcoin seems to follow U.S. stock trends. He said that in the short term, Bitcoin trades like a risk asset because it is the most liquid, most traded, and always-available asset in the world. During times of panic, traders sell what they can—not what they want to. That doesn’t mean Bitcoin is tied to stocks in the long run—it just means it’s always accessible.
Analysis:
Saylor’s reply is both a defense and an insight. He admits that Bitcoin behaves like stocks in the short term but explains the drops through its high liquidity. This allows him to defend its long-term role as a store of value without contradicting recent price movements.
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