Bitcoin has reached a new high, is anyone showing off their Rolex on your Twitter?> Rolex, the "sentiment barometer" of the crypto market.
Written by: Pix
Compiled by: Luffy, Foresight News
In every encryption cycle, there comes a moment when wealth becomes visibly tangible. Not just on the blockchain or in portfolio screenshots, but in the real world.
A year ago, a person who was still unknown walked into a dealer's store, bought a watch with cash, and then posted a photo of it on their wrist online. This moment, seemingly trivial, marks an important shift in market sentiment.
Why a watch?
The logic is simple. Rolex is a Veblen good (note: refers to goods for which demand increases as price increases).
the higher the price, the more people want to buy. They do not showcase value through functionality, but rather through price. Because what people are buying is not practicality, but
ForesightNews·2025-07-22 03:41