Let's briefly talk about why we judge that Hong Kong will most likely approve both BTC and ETH ETFs at the same time.
I fully understand the character of the Chinese people. From a strategic perspective, we can only better digest market sentiment by approving two ETFs at the same time. In addition, the price of Bitcoin is not attractive, which is a very important point. Finance is basically a macro high point, a combination of factors and analysis. The so-called K-line is worthless under the macro influence.
This is also the reason why I made up my mind to continue to be bullish on Ethereum a long time ago. I think we must have a full understanding of the market. Many people who speculate in cryptocurrencies are unwilling to understand international news, bulk, stocks, gold, geopolitics and future development routes. It is a very wrong thing to simply use K-lines to determine the rise and fall.
Only macro factors can affect the development of the big ecosystem. Every person who speculates in cryptocurrencies should be exposed to various information every day. The prediction of future events may not be 100% accurate after seeing more, but it will definitely be much better than those who chase hot spots, study K-lines and golden crosses in this circle every day.
Even many KOLs don’t even understand how to unlock it… Half a year ago, all KOLs belittled a coin called WLD. Why did they belittle it? It was nothing more than the extremely high volume of 10 billion, which made them feel scared, and they didn’t even bother to understand the reality. Even if OpenAI is worth 80 billion US dollars, it is impossible to break 10 US dollars. In my opinion, OpenAI is the destiny of the United States in the next 20 years, and it has nothing to do with money. Nvidia’s market value is not worthy of OpenAI’s comparison. This is a very basic financial structure, just like no Apple service provider will outperform Apple.
