The crazy rise of Bitcoin indicates that the risk of quantitative easing of the US dollar is approaching.
On the morning of March 5, Bitcoin broke through $68,000, rising by about $6,800 in the last 24 hours and nearly 9% during the day, only $1,000 away from the all-time high of $69,000.
Who is behind the rise in Bitcoin?
Although the U.S. government has also purchased a large amount of Bitcoin, estimated to be currently worth more than $12 billion, it cannot be determined that the U.S. government is behind it. And a "Mr. Whale" behaves mysteriously in buying 100 Bitcoins every day.
The market's suspicion is definitely not groundless.
Is there a possibility that the risk of U.S. debt will push up returns through Bitcoin spot ETFs, and then pierce the bubble with a bubble after the unlimited pull-up and exit? This is an extremely perfect ending for the hegemony of the U.S. dollar.
The background of the investors behind the ETF does not matter, nor does it matter whether it is a Ponzi scheme, but it must be extremely risky for the RMB.
If Bitcoin rises to 90,000 U.S. dollars and becomes crazy, the Japanese yen will raise interest rates, leaving the additional U.S. dollars with nowhere to go. At this time, the money-making effect of Bitcoin will be obvious.
The Japanese yen interest rate hike is final, the Bitcoin bubble bursts, and a complete closed loop of harvest must be guarded against.
Finally, walking alone is lonely, and the bull market is coming. The Qiqi no-threshold small circle welcomes everyone to join us. Let's go forward hand in hand and meet the uncertainty of the future with a certain group. #Meme #BTC $BTC