Can Bitcoin rise to 1 million? Let's talk
#新币挖矿&盘前交易USUAL
Big news! Bitcoin has made a big move against the RMB, saying it will rise to 1 million? The central bank has also sounded the alarm for short sellers. In recent days, the international financial market has been thinking about Trump's victory. Not only did he win the presidency, but the Senate and the US dollar also benefited from it. Yesterday, when Bitcoin rose, everything else fell, and even the US stock market was sucked dry by it.
Big institutions are selling other things and buying Bitcoin crazily, optimistic about the next four years of the Trump administration. Now the risk aversion in the financial market has disappeared, and it all depends on what Trump says and does, and it has returned to the old way before 2018. Let me tell you my opinion.
Bitcoin's crazy rise is really a strange thing. This time, Bitcoin's rise is so confusing that safe-haven assets such as gold and bonds have fallen, but high-risk things like Bitcoin are running all the way. The reasons behind this are, first, they are optimistic about the Trump administration, and second, a large number of institutional investors have come in to push up the price. But if it keeps rising like this, the bubble will be big, and how many people will be unlucky by then.
There are many reasons for the depreciation of the RMB. Recently, the RMB has depreciated terribly, from 6.9651 to around 7.25, a drop of more than 3,000 points, which makes people panic. But this is not only because of China's 10 trillion economic stimulus plan, but also because the Federal Reserve's interest rate cut did not meet expectations. The key is that the depreciation of the RMB is not our initiative, but the international financial market. We have foreign exchange reserves and economic strength to support us, so we are not afraid of short-term fluctuations, so don't panic.
The central bank's warning is quite important. The pressure on the depreciation of the RMB is great, and the central bank issued a timely warning, which is a reassurance to the market. The warning not only scares the shorts, but also tells the market that we can stabilize. The central bank has cards in its hand, and foreign exchange intervention, interest rate adjustment, etc. can be used to ensure the long-term stability of the RMB. Therefore, the short-term depreciation pressure is greater, but it is still stable in the long run.
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