BlackRock and other Wall Street giants continue to increase their holdings of Bitcoin ETFs. Why is Bitcoin still facing downward pressure?

I think there is more disagreement about the values ​​of cryptocurrency itself. More original cryptocurrency holders regard Bitcoin as a risky asset, but Wall Street holds the opposite view. They regard Bitcoin as a soft gold safe-haven asset. This view is not only reflected in Wall Street, but also in a recent report by ICBC, which also wrote that Bitcoin belongs to soft gold and Ethereum is like the oil of cryptocurrency. This shows that mainstream central banks around the world have treated Bitcoin as a new safe-haven asset. Perhaps it will take a long time for this view to change from the original cryptocurrency people, but it does not hinder the mainstream institutions' views on the definition of Bitcoin. Over the past many years, cryptocurrency has gone from farmer games to merchant games to government games. Cryptocurrency has been changing its own views and positions over time.

In the current global economic system, the US stock market basically absorbs 80% of the world's liquidity funds. When some people laugh at the German stock market for not being as good as a US stock company, the extreme right-wing organizations in Germany and France are rising rapidly. For extreme right-wing organizations outside the United States, de-dollarization and de-globalization is a commonplace issue. Although the United States is still strong, the current economic system has already turned against it. Therefore, for Wall Street, absorbing Bitcoin is a very good hedging measure, and for the old man who once dominated the cryptocurrency, he is more afraid of the global economic recession caused by it. This is a matter of opinion, but no one can change a person's existing opinion. Just like you and we can never convince mainstream institutions to regard Bitcoin as a risky asset. Bitcoin has exceeded the original meaning of cryptocurrency itself, and it has also exceeded the meaning of existing cryptocurrency itself! $BTC $ETH o#美联储利率决策即将公布 #BTC☀