ChainCatcher message, the recent surge in Bitcoin has attracted widespread attention in the market. George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, reminds investors that this rise may create a false sense of security. He points out that investors flocking to Bitcoin are mainly seeking capital gains rather than its intrinsic value or actual use. 🤔

It is worth noting that the options based on the Bitcoin spot ETF launched last week may be one of the factors driving this volatility. Options allow investors to bet on Bitcoin price fluctuations with less cash, without having to directly purchase Bitcoin itself. 📈

Investors should cautiously assess market trends and avoid blindly following the crowd.