Today is 2024.01.15,
The current price of the pie is US$42,201.5.
With the adoption of the big-ticket spot ETF,
The pie has started to pull back recently,
From highs near $49,000,
It is currently back to around $42,000.
So some people started to come out and say how awesome they were,
Let's see, I said the pie was going to pull back, and he immediately did it.
Look, it has dropped to $42,000 now, and it will fall to $38,000.
Then it rose to $49,500, and then began to plummet again!
Then he said that he was waiting for the bottom of 28,000 U.S. dollars to buy a house or a car in the bull market!
I really don’t know who gave him the courage to predict it as if it were true!
In my opinion, it’s just a guess with a subjective opinion!
Although the big-ticket spot ETF has passed, other benefits have not yet arrived.
The halving of the pie hasn’t started yet, and the Fed hasn’t started cutting interest rates yet.
The pie ecosystem has not yet exploded, and the US election has not yet begun.
All in all, short-term declines do not affect long-term gains!
In the past, it was a battle between institutions and retail investors.
But now, it is still a competition between institutions,
11 large institutions applied for large-scale spot ETFs,
The competition between them will become more intense in the future.
Everyone knows that there will be a wave of big names from 2024 to 2025.
As long as the market plummets, everyone will pick up chips.
So no one dares to throw away the chips in their hands easily.
Including those big institutions, one institution smashed the market,
There is bound to be an organization that picks up cheap chips.
Of course, retail investors will also pick up chips.
No one wants to be short when the bull market arrives!
They are all waiting for the market to plummet and rush in to pick up the bloody chips.
When the bull market comes, whoever has the most chips will be the winner!
Of course, everyone knows that before the bull market starts, there will inevitably be a sharp decline.
But there really will be one before the bull market starts.
Is there bound to be such a curse as a sharp decline?
Will it really plummet again to give retail investors a chance to get on board?
Personally, I think this bull market will be very different from the past.
Because this bull market has one more Bitcoin spot ETF!
In the future, Bitcoin’s volatility will become smaller and smaller!
The above content is for information sharing only.
It does not constitute any investment advice!
Investment is risky, so be cautious when entering the market!
