Spot gold continues to rise, but there has been no inflow of funds in the crypto market. Can it be understood that in the context of currency wars and frequent wars around the world, gold is the only hard currency that preserves value and is the most stable?
I said earlier that Bitcoin cannot be compared with gold because its price has plunged too frequently. Although it has been on an upward trend since its birth, it is undeniable that Bitcoin has a great possibility of falling from a high point to its birth price.
Everyone has heard of the "Tulip Scam". If you are interested, you can search it on Baidu.
If Bitcoin is compared to currency, I think it is more appropriate to use oil. Oil is also a currency that has plunged particularly outrageously, so I understand Bitcoin as "digital oil" rather than "digital gold".
Oil needs the stimulation of war to rise explosively. The United States controls 85% of the world's oil fields. Wherever oil is found, there are shadows of the US military and Americans (except my country and anti-US countries).
As for Bitcoin, it needs the stimulation of the US dollar. The US interest rate hike will affect its upward trend, and the expansion of the US dollar will accelerate the upward trend of Bitcoin prices.
But the Americans are so smart now. Not only do they want to use Bitcoin to harvest the whole world, but even if the US dollar is inflated, they will use interest rate hikes to bind US dollar users. As long as you don't sell US dollars and keep holding US dollars, I will raise interest rates to make your US dollars more. After I impose economic sanctions on other countries, I will turn your US dollars into US dollars. Anyway, the inflation effect brought by the US dollar will not affect the country's economy and national life. Why are the Americans panicking!
Finally, I would like to mention my views on the current market trend.
"The downward trend has come out. Everyone remembers to rebound and bet on the short position. I put the bearish views and points in the previous article. If you are interested, you can look through the previous content!!!"
