In the past two days, the Kotai coin that appeared in the movie "All or Nothing" was made into a local dog, and it has now increased by hundreds of times. Although it looks tempting, the local dog is too risky. Ball brother only recommends that you play with small funds and keep the big funds to wait for the bull market. Why do I say this? There are several reasons:
1. Bitcoin volatility has significantly decreased: Investors are cautious in the current market, and the market is in a relatively calm stage. It is a wise choice to keep funds waiting for the bull market. Once the market shows clear guidance, it may experience significant fluctuations, providing investment opportunities;
2. Long-term bullishness on cryptocurrencies: BTC has risen by more than 80% since 2023, driven by cooling inflation in the United States, the weakening of the U.S. dollar as the Fed’s rate hike cycle draws to a close, safe-haven demand triggered by the banking crisis, rising U.S. stocks, and Wall Street’s entry into the cryptocurrency industry. This means that cryptocurrencies have huge growth potential in the future;
3. SEC reviews ETF documents: The SEC is reviewing Bitcoin ETF documents submitted by BlackRock, Ark21Shares and other companies. This will help strengthen BTC's position and attract more investors and funds to the crypto market. The market will pay attention to the SEC's response, which will affect BTC's price trend in the coming weeks or months;
4. Summary: In the long run, the mainstream market view is that Bitcoin and other cryptocurrencies have hit bottom as the Fed is about to stop raising interest rates. The crypto industry has also emerged from the shadow of FTX's bankruptcy. With the participation of Wall Street forces, crypto assets are moving towards a new era. In 2024 and 2025, when the Fed may return to the interest rate cut channel, Bitcoin may still return to the bull market and reach its peak again.