Source: China News Agency
Author: Xia Bin
Mungcoe, who has always invested in Bitcoin as a stupid behavior, has just passed away. This cryptocurrency ushered in a wave of rapid pulling.The market value has exceeded Berkshire Hathaway and Meta.
Why is Bitcoin "cattle" again?As of 18:30 on December 5, a Bitcoin price was $ 41,736, and the maximum climbing up to $ 42,420 on the day, a new high value of more than a year and a half.Driven by Bitcoin, the cryptocurrency world is recently "sweet".
From the data of the Chicago Commodity Exchange, the Bitcoin Futures BTC's main contract has risen over 7.90%in November, and the main contract of Ethereum futures DCR has increased by more than 12.50%in the month.
From the perspective of the last seven days, Bitcoin, Aida, Solana, Litecoin, etc. have risen sharply, with at least 4.3%.
What factor helped Bitcoin rising in this round?OKX (Osi) Senior Researcher Zhao Wei told a reporter from China News Agency that at the macro policy level, the Fed announced in November announced that the benchmark interest rate was unchanged in the latest interest rate resolution.In interest, this move constitutes a certain amount of favorable for the global market, including the cryptocurrency market with Bitcoin as the mainstream asset.
In addition, industry insiders generally believe that the SEC (US Securities Regulatory Commission) will successively apply for the Bitcoin ETF application next year. Once the review is approved, this will provide more possibilities for the development of the Bitcoin and the cryptocurrency market.Trading Bitcoin as conveniently as trading stocks, this expectation also makes the market trend optimistic.
Zhao Wei also mentioned that from the level of industry development, with the improvement of the infrastructure of the encryption industry, the development of Bitcoin's ecology is becoming more and more prosperous. In addition, the fourth halving of Bitcoin will usher in the first half of next year, and the market will reduce the market.Half effects should be expected, and many investors have entered the market one after another.
Half a half, referring to a established rule in the Bitcoin agreement, that is, about four years, the mining rewards of Bitcoin will be reduced from a certain number of Bitcoin to a new number.The decrease of four years is designed to control the growth rate of Bitcoin supply. It is part of the design of Bitcoin's supply at a design of 21 million, and it has a certain impact on the scarcity and value of Bitcoin.
The recent research report released by Standard Chartered Bank stated that the spring of Bitcoin has arrived and predicts that Bitcoin will rise sharply to a new high of $ 100,000 at the end of next year, and the increase will reach more than 160%.The research report believes that the continuous driving factor of Bitcoin includes the continuous dominant position of Bitcoin in the field of cryptocurrencies, further hoarding of miners, and a half -time time that will come early next year.
But it is undeniable that cryptocurrencies are still high -risk investment assets. The rise and fall and speed of asset prices are significantly different from traditional assets.In the cryptocurrency market, there is no so -called daily limit, limit limit, surge and plunge.
Yu Jianing, Honor Chairman of the Hong Kong Blockchain Association, told the media that in the case of rising market conditions, investors also need to learn from history. Investment involves risks.Monetary assets may be zero under extreme circumstances.
Vijay Ayar, vice president of International Market, COINDCX, a cryptocurrency exchange, warned that the rise of Bitcoin in this round of Bitcoin is largely based on this expectation of the approved by Bitcoin spot ETF. "If the Bitcoin ETF is rejected again, the rise of Bitcoin in this round may announce the end and continue to call. "
Zhao Wei said that regardless of the passage of Bitcoin spot ETF, Bellaide's "first encryption exploration" has boosted the confidence of the industry and shows that traditional institutional investors still maintain a high interest and high recognition of the cryptocurrency industry.Or help to force the supervision standards of the cryptocurrency industry to accelerate the landing and accelerate the compliance of the industry.Policy changes and black swan incidents have always been an important factor affecting the trend of asset price. It is recommended that investors control risks and invest cautiously.
