At yesterday's#Binancesharing meeting, I used four points to explain that it is now US investment that is taking over #BTC, and ETF is just a form of external expression. Whether ETF will pass in the short term or not, it will not affect BTC Or even the rise of#ETHin the digital finance space.

1. From 2017 to now, it has been increasingly found that the peak trading volume of BTC and ETH in major exchanges has begun to shift to the short time period from 21:00 pm to 5:00 am Beijing time, whether it is USDT or USDC, this What it represents is that U.S. funds are beginning to focus on BTC and ETH.

2. The first growth point after January 2023 is when the Federal Reserve ends the first phase of interest rate hikes. The second growth point is when BlackRock announced its application for a#Bitcoinspot ETF on June 17. The third growth point is In the Oolong incident on October 17, through these three time points, we can see the impact of the U.S. macroeconomics and large U.S. funds on BTC and ETH.

3. In September, the U.S. House of Representatives Finance Committee questioned SEC Chairman Gary, and even asked Gary in a very stern tone why he did not pass spot ETFs. U.S. politics serves the economy, just like Powell said, and Politicians are often inextricably linked to financial groups. What is even more important to note is that of the four-person panel that was responsible for the inquiry this time, two are Democrats and two are Republicans. That is to say, at least in terms of the policy of spot ETFs. , there are calls for its adoption within both parties.

4. I interpreted the meaning of FASB two days ago, and many friends understood it. It can be said that this is a historic turning point for #BTC. The previous pricing method has almost no benefits for listed companies to hold BTC, but After the update of FASB, listed companies can already consider BTC as an investment target, just like other mainstream assets. The reason why it does not directly drive the price increase now is because the update time is after December 2024, which is until 2025. start.

Remember the rising climax I wrote about? Even without considering spot ETFs, the beginning of 2025 is a combination of the dual benefits of the BTC halving cycle and the U.S. election. Although interest rate cuts in previous cycles were often accompanied by a downturn in the economy and stock market, after interest rate cuts and the presidential election, With the superposition of , at least the risk market has performed well during the election cycle, and due to the influence of FASB, there should be listed companies considering buying BTC as investment assets, especially the only two things MicroStrategy does is to sell stocks. And buying BTC, the floating profit has exceeded 2 billion US dollars, and it should be one of the few listed companies that everyone from investors to shareholders urges to sell stocks and buy BTC.

So, we can see the final conclusion:

1. American investors are coming.

2. American institutions are coming.

3. The US government is involved.

4. American listed companies are coming.

Spot ETF is only the fifth stop for BTC and ETH after they took over in the United States. It is an inevitable thing. It is nothing more than sooner or later. Investing in BTC and ETH may not make you rich in the short term, but it has the opportunity to be your home hall. For the inheritance of wealth, holding at least one BTC may be a guarantee for you to leave a good legacy to your loved ones when you are away from home. Let’s encourage each other and work hard.