The Nasdaq index broke an all-time high, and the pie followed suit. The Nasdaq index is about to hit its historical high in November 2021. It is currently 16,209 points and the historical high is 16,212 points. BTC is also heading towards its historical high. In the U.S. investment market, stock inflows this week were US$10 billion, including US$4.7 billion in technology stocks; cryptocurrency inflows were US$2.4 billion.

The old man recommends strategy bloggers to search and follow on Weibo and public accounts: Blind Monk looks at trends

Back to topic:

The U.S. Securities and Exchange Commission announced a proposal from the New York Stock Exchange to amend Rule 915 to allow options on the BTC ETF, Grayscale GBTC, and any trust holding BTC to be listed and traded. Aiming to provide investors with more opportunities to obtain BTC market exposure and meet investment needs, the SEC will make a decision within 45 days after issuing the notice, which may be extended to 90 days. Nobel Prize winner in economics Steve Hanke said: BTC is obviously not a currency, and anything with such high volatility will never qualify as a currency; BTC is a highly speculative zero-value asset. Tesla CEO Musk said, "Artificial intelligence technology is advancing rapidly. I have never seen any technology that can advance faster than it. The capabilities of artificial intelligence technology seem to increase tenfold every six months. However, it It’s impossible to grow at such a high rate forever, otherwise it will exceed the mass of the universe. I have never seen anything like it. Frank Chaparro, director of The Block, said that Deribit’s total notional options open interest hit an all-time high of $26 billion. Novogratz, founder of the investment company Galaxy Digital, said that crypto assets are at bubble levels and we may see some corrections and consolidations in BTC. BTC is attracting a "new army of buyers" and BTC prices will rise significantly next year compared to now. Antoni Trenchev, co-founder of Nexo, said that he predicts that BTC will reach $100,000 by the end of the year and is getting closer to the target. JPMorgan analysts predict that the price of BTC will fall to $42,000 after the halving, citing reduced miner rewards and rising production costs. , larger miners will survive, and this reduction will have a negative impact on miners’ profitability and lead to an increase in BTC production costs.

According to three analysts working for fund management companies, BTC ETF products have purchased an average of 3,500-4,300 BTC per day since the beginning of February, far exceeding the 900 BTC produced daily. Grayscale head of research Zach Pandl said there simply isn’t enough BTC to meet all the new demand, supply and demand dynamics are driving prices higher, and the supply “halving” could create more supply issues. ETF analyst Eric Balchunas said that BTC will spiral due to the huge trading volume of ETFs and low supply, and the circulating supply of BTC is very small. The more demand there is for the ETF, the greater the impact on the floating volume will be, the price will rise, creating more demand, and BTC may experience a period of upward spiral. The Nasdaq index is about to hit its historical high in November 2021. It is currently 16,209 points and the historical high is 16,212 points. BTC is also heading towards its historical high. (At the end of this article, the Nasdaq has reached a new high of 16241 points) Nine new spot BTC ETFs have sucked away approximately 350,000 BTC in 7 weeks. Spot ETFs have provided stable and accelerating demand for BTC, accounting for approximately 75% of the BTC supply. It is held by long-term holders who are unwilling to sell BTC at recent price levels. Cryptocurrency analysis company Swissblock said that BTC’s current upward trend is “just the beginning of future trends.” Bloomberg said that Bank of America’s wealth management arm Merrill Lynch and Wells Fargo are offering spot BTC ETFs to wealth management clients, which highlights mainstream companies’ increasing acceptance of such products. In addition, Morgan Stanley is evaluating its Add spot BTC ETF to the platform. BlackRock held a meeting for its top clients to promote its BTC ETF. Senior staff of BlackRock said: "We received a lot of calls from people. We never expected to receive calls from them. This bull market may have us." Unexpected Players". BlackRock analysts said: BTC accounting for 28% of the investment portfolio is "not unreasonable".

In the U.S. investment market, investors have poured into technology stocks and cryptocurrencies in the past week. Stock inflows this week were US$10 billion, including US$4.7 billion in technology stocks; cryptocurrency inflows were US$2.4 billion, compared with US$1.2 billion the previous week. Bridgewater Dalio said: "The Big Seven U.S. stocks are a bit frothy but not much. We believe that although they have experienced a sharp rebound, U.S. stocks are unlikely to be in a bubble." Many people are concerned about the short-term "whether the benefits of halving the pie's output will be corrected and the extent of the correction". Old men usually don't care much about this because they think too much about these short-term contents and worry that they will become leek. If you make a mistake, you may miss the bull market. The old man's expectation for the magnitude of the bull's return is usually a 20% correction, but he rarely gambles on this 20% short-term fluctuation. It is not worth it. What follows is a new 50% rise. People are still concerned about "will there be a copycat season?" There is no bull market that has nothing to do with copycats. It's just that the performance time of copycats is slightly later than that of the big pie, and the funds benefiting from the big pie will continue to flow downward. This is due to people's greed. At present, many copycats have increased by 3-5 times, and many are making up for the increase. Knowing that a bull market is coming, just do what you should do in a bull market, look for good targets, and wait for the price to rise. The overflow funds from the pie of more than 60,000 yuan are enough to feed the copycats. Have a good rest on the weekend. #BTC