• Hey guys, are you still watching the market?

  • Take a break, the market is volatile over the weekend.

  • Although you have a short vacation,

  • But it’s time to spend more time with your family.

  • What I often say is to improve your own cognition. Why?

  • Regarding the collapse of First Republic Bank, have you seen many people saying that this is a good thing and that bank funds will move to the crypto market for risk aversion?

  • In theory, this is correct. But do you really understand a few points?

  • First of all, First Republic Bank was not a crash in the strict sense. Before that, the stock price had been falling, and many investors had withdrawn out of disappointment. There was not much emergency hedging funds.

  • Secondly, even if a large amount of funds are seeking risk aversion, the crypto market is not the first choice. However, there will definitely be funds coming, but they will definitely be a minority.

  • Finally, many people know that the collapse of the banking industry is good for the crypto market, but do you know that the banks that actually collapsed actually have business connections with crypto companies, and their collapse has damaged the business of many crypto companies.

  • As an adult, don’t listen to what A says or what B brags about. Improve your cognition and learn to distinguish which information is useful. This is the real thing! The last sentence: It’s May Day. Although there is no holiday in the cryptocurrency circle, you really should spend time with your family!

#BTC #ETH