A positive Black Swan event is bullish for the crypto market. Pi Network open main net in Q1 2025 will be a positive Black Swan event. The main reason is that people don’t know much about Pi yet. Once Pi launches its main net, people will suddenly realize that a cryptocurrency superstar has been born, which will have a huge and beneficial impact on both Pi and the overall crypto market. The following are some of the factors that will cause this shock:
1. The degree of massive user adoption of Pi that people are still ignorant about.
Pi Network App has ove 100 million download in Android device. No exact number of download from Apple App store can be found but 50 million should be very reasonable. So there is likely a total of over 150 million downloads and this is massive. Pi Network has over 65 million active users, with 18 million KYCed users and over 9 million accounts with PI coins migrated. These numbers are increasing rapidly as Q1 2025 open mainnet day approaching. These massive numbers have never been seen before in crypto history.
2. No project in the crypto world now has revolutionary goal and mission as Pi Network.
Pi Network's goal and mission revolve around making cryptocurrency more accessible and inclusive for everyday people. Here's a detailed look :
Goal:
Pi Network aims to create a digital currency system where anyone can mine and use Pi using just a smartphone, thus democratizing the cryptocurrency mining process which is often criticized for requiring expensive hardware and deep technical knowledge. This inclusivity is intended to expand the user base significantly, making cryptocurrency a part of daily life for millions worldwide.
Mission:
The mission is to build the world's most inclusive peer-to-peer marketplace, fueled by Pi, which would become the most widely used cryptocurrency. This mission involves fostering a secure, decentralized, and accessible digital platform. Pi Network's vision includes enabling economic transactions through a mobile meritocracy system, promoting a full Web3 experience where developers can build decentralized applications (dApps) for users.
Pi Network also focuses on creating utility for Pi through real-life use cases, moving beyond simple financial transactions to supporting a self-moderating, decentralized network with novel tokenomics that rewards positive interactions and curbs negative actions.
3. Even with PI Network's massive numbers on user adoption, yet main stream crypto medias rarely cover it. Worst yet, many still think Pi Network is a scam. How can they ignore such a huge project on the verge of shocking the world?This really sets up a big shocking surprise when Pi Network opens it main net.
4. Even though there are a lot of pi users, only a limited few of the Pi Network users sees the power and great future of Pi Network and definitely is still not known to most of people. Once it is known, people will be amazed and flock to Pi in drove. People will be excited to see there is finally a real cryptocurrency circulating around the world that can be used for daily bartering and transactions conveniently. In addition, Dapps on Pi chain will provide all kind of other applications. The positive energy generated by Pi Network should definitely help the crypto market as a whole.
What is a Black Swan event:
A Black Swan event is a term used in economics, finance, and other disciplines to describe an event that:
Is an Outlier - It lies outside the realm of regular expectations because nothing in the past can convincingly point to its possibility.
Carries an Extreme Impact - When it occurs, its effects are profound, often changing the landscape of whatever field it impacts.
After the Fact, It's Rationalized - In hindsight, people come up with explanations for why it was inevitable, even though it was unpredictable before it happened.
A black swan event can be positive or negative. Its unexpected nature can have a huge positive or negative impact on the market.
The term was popularized by Nassim Nicholas Taleb in his 2007 book "The Black Swan: The Impact of the Highly Improbable." Taleb uses the metaphor of a black swan, which was thought not to exist in Europe until they were discovered in Australia, to illustrate how we often only see things in terms of what we've experienced before, failing to account for the unknown unknowns.