The main force, which marks the start of the bull market, attracts traffic from outside the circle through various narratives and wealth effects, and a large number of users and funds enter the market, thereby promoting the market to rise. There is only one narrative that can make Bitcoin possible to reach 300,000 US dollars, and that is the passage of ETF. The passage of Bitcoin spot ETF will bring two things: First, confidence. The second is funding.
The most important of these is confidence, which accounts for 80% of the cause and effect of Bitcoin's rise. Because of the passage of the Bitcoin ETF, Bitcoin's status is the same as that of other funds in the US stock market, and all compliant funds and institutions can be justified and above board to allocate Bitcoin.
Maybe just like Buffett didn't buy technology stocks before, but finally bought Apple. I wonder if there will be an opportunity in the future for Bitcoin, which they criticized as "rat poison", to enter mainstream asset allocation?
The second is funding. Currently, various funds, institutions and all compliant funds will not directly purchase Bitcoin. Under the influence of unclear regulatory policies, the sudden rise and fall of the pie, and the complexity of purchases, etc.
But when ETF is passed, people can invest openly, and the herd mentality will be more obvious in the financial market. "Buying new stocks" and "looking for new coins" are logically similar, and people will continue to pay attention to new ETFs.
The high volatility of Bitcoin will allow the largest proportion of speculative funds in the financial market to enter. Some people say that after experiencing a 300% increase in one day in the currency circle, they can never go back to the 100% increase in the stock market in three years... As for funds, the high volatility of Bitcoin will naturally attract a continuous flow of funds into the market - this This has been proven countless times in the history of finance. As long as it can be speculated, as long as it can be speculated in places with plenty of money, there will be a steady stream of buying orders. The more active the transactions, the more likely the currency price will rise sharply.
Therefore, gold will lose to Bitcoin in the reallocation, and if people buy gold instead of Bitcoin, the return will be very low. At the same time, once people start thinking about what they want is a decentralized way to store assets, they will realize that Bitcoin is better than gold, and then all the institutional money will flow from gold to Bitcoin.
If this is the case, $300,000 is not impossible. #一起来跟单 #注意资金安全 #美联储是否加息？ #带你看看币安Launchpad #DeFiChallenge $BTC $ETH
The most important of these is confidence, which accounts for 80% of the cause and effect of Bitcoin's rise. Because of the passage of the Bitcoin ETF, Bitcoin's status is the same as that of other funds in the US stock market, and all compliant funds and institutions can be justified and above board to allocate Bitcoin.
Maybe just like Buffett didn't buy technology stocks before, but finally bought Apple. I wonder if there will be an opportunity in the future for Bitcoin, which they criticized as "rat poison", to enter mainstream asset allocation?
The second is funding. Currently, various funds, institutions and all compliant funds will not directly purchase Bitcoin. Under the influence of unclear regulatory policies, the sudden rise and fall of the pie, and the complexity of purchases, etc.
But when ETF is passed, people can invest openly, and the herd mentality will be more obvious in the financial market. "Buying new stocks" and "looking for new coins" are logically similar, and people will continue to pay attention to new ETFs.
The high volatility of Bitcoin will allow the largest proportion of speculative funds in the financial market to enter. Some people say that after experiencing a 300% increase in one day in the currency circle, they can never go back to the 100% increase in the stock market in three years... As for funds, the high volatility of Bitcoin will naturally attract a continuous flow of funds into the market - this This has been proven countless times in the history of finance. As long as it can be speculated, as long as it can be speculated in places with plenty of money, there will be a steady stream of buying orders. The more active the transactions, the more likely the currency price will rise sharply.
Therefore, gold will lose to Bitcoin in the reallocation, and if people buy gold instead of Bitcoin, the return will be very low. At the same time, once people start thinking about what they want is a decentralized way to store assets, they will realize that Bitcoin is better than gold, and then all the institutional money will flow from gold to Bitcoin.
If this is the case, $300,000 is not impossible. #一起来跟单 #注意资金安全 #美联储是否加息？ #带你看看币安Launchpad #DeFiChallenge $BTC $ETH