Bitcoin is falling - how low will it fall? #热门话题
This week, Bitcoin, the leader in the cryptocurrency world, has had a rough time, with its price falling 5.7%. Worse, because of its connection to the collapsed Mt.Gox exchange, a few small moves by wallets directly pulled the price below $57,000. The German government is also worried, selling another $75 million of Bitcoin to the exchange, and the market is shocked.
However, an expert named Basile Maire said that Bitcoin is a bit miserable in the short term, but not that miserable. He also mentioned that the current economic environment is not good, the US election is still undecided, and the Federal Reserve also said that although inflation may have slowed down a bit, it is still frighteningly high. The interest rate cut is very difficult this year, which is not good news for risky assets like Bitcoin.
But then again, some people think that this wave of decline may be only temporary. For example, looking at the data from the options market, most people think that Bitcoin will be able to reach $60,000 by the end of the month. Of course, some people are against it, saying that $51,500 is its real next stop.
Let's talk about new players such as ETFs. They are now big investors in Bitcoin. But in the eyes of the traditional financial world, Bitcoin is like an alien, with terrifying volatility. Therefore, once the market is in turmoil, Bitcoin is likely to be the first to be sold.
Although it doesn't look good at the moment, experts are still optimistic about the medium and long term. They say that many people in the options market are betting that Bitcoin will rise to $100,000 to $120,000 in the future. It sounds tempting, but it will take a while to get through the difficulties in front of it.
For those big guys who bought Bitcoin early, this is nothing. But for the friends who got on the bus at the peak in March last year, it was a real pain. In short, the Bitcoin train is firmly on the way, let's see how far it can go!
Recently, the coins we have deployed have earned more than 50%.
Choosing coins is our strength, and making money is just a by-product. The password will be announced in my circle of good friends. Click on my avatar to see my information. Let's communicate together.
