The bull market is coming! In the blink of an eye, time has quietly entered mid-August. In recent weeks, the market has been shrouded in bad news, which has made people panic, but after several rounds of selling, it is time for us to strengthen our confidence and seize the opportunity to get on board.
Although the global economy shows signs of slowing down, I can vaguely smell the beginning of a bull market in the cryptocurrency field. Bitcoin is not as fragile as everyone worries. It is still stable around 60,000, and the pressure of short selling has gradually dissipated over time. September is approaching, and good news is coming one after another. The market is always full of variables. On September 1, the introduction of the Russian Cross-Border Transaction Act opened up a new path for cryptocurrencies and digital currencies such as USDT and ETH in foreign trade settlement. Then, the Federal Reserve's interest rate meeting in mid-September and the subsequent US election attracted even more attention.
With the frequent news of good news, even if the situation in the Middle East changes, it will be difficult to shake the solid position of cryptocurrency, and the risk of downward adjustment will be significantly reduced. Most countries adopt a credit currency system, and the money supply adjusts with policies, which is often accompanied by the risk of inflation, and corruption is the catalyst for this problem. On the other hand, the total amount of Bitcoin is constant. Although the current liquidity needs to be improved, this situation is expected to improve over time. In times of economic crisis, Bitcoin, with its portability and scarcity, can fully play the role of digital gold and become the first choice for value storage.
