The results of the Federal Reserve's interest rate cut will be announced tonight at midnight, with the current probability of a 25 basis point cut at 97%. BTC stands out almost alone, as I have long said, I currently see no threats to BTC, which continues to break previous highs. Now let me discuss the ten major reasons why BTC has no threats:
1. After the United States publicly announced that it would include BTC in its national strategic reserves, many countries including Europe, the United States, Japan, Russia, the United Kingdom, and Poland were the first to propose using BTC as a strategic reserve. In fact, the BTC we hold has also gained strategic reserve status.
2. The cost of BTC mining has increased, mining shares have increased, and production is halved every four years.
3. BTC is irreplaceable and is long-term used for transactions in gray industries, such as arms, gambling, drugs, mercenaries, and the dark web. Its daily trading volume has long remained above 200 million.
4. The preferred cryptocurrency for institutions and countries to hoard is BTC, because altcoins can be issued indefinitely by any institution.
5. The long-term game between countries and between institutions still becomes a financial war, and this game leads to turnover rates and large capital inflows.
6. The lasting effects of Trump’s presidency, as well as the effects of BlackRock, Grayscale, and others.
7. The number of retail and institutional investors in BTC is increasing globally, with known domestic investors like Lei Jun, Liu Qiangdong, and Meitu also making similar investments in BTC.
8. Bitcoin ETFs have also become an important channel for many big figures and corrupt officials to seek safe assets and transfer assets.
9. The changing regulatory environment, where most countries previously suppressed it, has gradually relaxed their regulatory policies in recent years.
10. The development of the global macro economy has made Bitcoin one of the crazily sought-after tools.