#微策略持续增持BTC
Master Discusses Hot Topics:
Yesterday's market was truly bustling, especially with the sudden crash of Bitcoin in the Korean market, which plummeted by 60,000, leaving everyone stunned. As of now, I personally believe that this sharp decline was more triggered by panic in the Korean political situation leading to local market sell-offs, combined with system issues at Upbit, and we cannot rule out the possibility of a chain liquidation factor.
What I need to reflect on is that behind this event lies a bigger question: Is Bitcoin a safe-haven asset or a risky asset?
From a purely price trend perspective, Bitcoin is clearly a risky asset; just look at its price fluctuations that resemble a roller coaster. However, let’s not forget about Bitcoin's global liquidity, which truly gives it a safe-haven property. After all, you can't just exchange Korean won for US dollars and circulate them freely around the world, can you?
Yet the reaction of the Korean market leaves one puzzled; why would investors choose to sell off Bitcoin first during political turmoil? Are they planning to exchange Korean won for US dollars?
I tend to think that, in theory, the risk-hedging capability of cryptocurrencies is stronger than that of traditional currencies. For instance, after the Russia-Ukraine conflict, Bitcoin and USDT's acceptance capabilities far exceeded those of various national currencies. As for why Korean investors chose to sell off during the crisis, this is indeed hard to understand.
Although I haven't figured out this question yet, it’s certain that this 30% drop has triggered widespread panic and caused a chain reaction. It is precisely because of this that the market quickly rebounded. After all, retail investors are not used to such sharp stabs; after the panic, they began to fight back vigorously.
