BTC

Dear Family: The homepage of Alipay in mainland China has begun displaying advertisements for cryptocurrency funds, with a daily purchase limit of 1000 RMB per person!!! This means that ordinary people can now buy cryptocurrencies. A large number of users in mainland China have received promotional ads for cryptocurrency funds on the Alipay homepage, with content stating 'Global Investment, Cryptocurrency Surge, Invest from 10 RMB, Get on Board Now'. Clicking on it reveals that the fund is Huabao Overseas Technology C (QDII-FOF-LOF), which is a compliant investment model for overseas assets, investing in ETFs managed by ARK Invest, with the ETF's top holding being Coinbase stock and the second being the Ark Bitcoin Spot ETF. Currently, each person is limited to a daily purchase of 1000 RMB. The promotional page indicates that cryptocurrency is a type of digital currency based on blockchain technology, with Bitcoin being the most famous cryptocurrency. However, there are currently thousands of different cryptocurrencies on the market, each with its own unique functions and uses. The characteristics of cryptocurrencies include decentralization, high security, and anonymity. Historically, when the interest rate cut cycle officially begins, long-duration assets may perform relatively well. For example, disruptive innovative companies focused on cryptocurrencies, space exploration, and genetic innovation tend to be sensitive to interest rates and may benefit during periods of declining rates. This is something that has made many people in the East rejoice and cheer, a good thing indeed!