Now is not a bull market, when will it be???
But, remember!!!
Now is not the time to enter and take over!!!
Now is not the time to enter and take over!!!
Now is not the time to enter and take over!!!
Block all those who tell you to enter the market...
Bitcoin will 100% break through $100,000
Yes, remember, it's 100%
Why is it increasing in price?
The most direct reason is that more and more people are buying Bitcoin, and the funds are increasing.
As a veteran who has been in the crypto space for 9 years, I have always believed that Bitcoin will become digital gold, as for why, space is limited, let’s not discuss it for now.
Let's talk in detail about why Bitcoin will rise? And it will continue to rise.
Trump was elected president, he has always supported Bitcoin, previously claiming to treat Bitcoin as a national reserve asset, how can it not rise?
1. Political factors: Trump successfully elected as President of the United States
Trump successfully campaigned for President of the United States, previously supporting Bitcoin, even speaking at a Bitcoin conference, claiming to make Bitcoin a national strategic reserve.
Looking back, Trump's promised ten new cryptocurrency policies:
1. Make the US the capital of global cryptocurrency;
2. Dismiss SEC Chairman Gensler;
3. Establish a strategic Bitcoin reserve;
4. Stop the US from selling its Bitcoin holdings;
5. Stop the US government from further developing CBDC;
6. Propose a comprehensive cryptocurrency policy;
7. Stop the crackdown on cryptocurrency within one hour of taking office;
8. Terminate the illegal crackdown on the cryptocurrency industry in the US;
9. It is recommended to solve the US debt problem with cryptocurrency;
10. Reduce the sentence of Silk Road founder Ross Ulbricht.
2. Market factors: Musk's involvement
As the Dogecoin lord, Musk played an immeasurable role in this US election.
On September 5, Trump publicly stated that if he wins the election, he will adopt Musk's suggestion to formally establish the 'Department of Government Efficiency' (DOGE) led by Musk. This committee will be responsible for 'comprehensive financial and performance audits of the entire federal government'
Isn't it amazing? That's right, the committee's abbreviation is also DOGE
3. Market factors: Federal Reserve lowers interest rates
On November 7, the Federal Reserve announced a 25 basis point rate cut.
In September, the Federal Reserve lowered interest rates, aligning with the Democratic Party, and announced the rate cut after Harris's failure, making a dignified exit.
4. News promotion: Retail investors entering the market...
Seeing major media outlets reporting on Bitcoin; conversations about Bitcoin are everywhere, countless retail investors, whether they understand or not, want to come in and share a piece.
With so many retail investors flooding into the crypto space, how can it not skyrocket?
Of course, although I personally hope everyone comes in to take over my position, I still feel that this is not good.
Therefore, I do not recommend anyone to enter the crypto space, there are too many scammers here.
If you enter now, you won't earn a dime.
