Is China Ready to Start Large-Scale Bitcoin Purchases?
Recently, the remarks of Binance founder Zhao Changpeng have drawn widespread attention from the global financial community. He revealed that China's cryptocurrency trading volume accounts for more than 30% of the global total and hinted that if the United States could prevent China from holding gold reserves, China might also turn to Bitcoin reserves. With 109 countries already joining the central bank digital currency alliance, China is clearly one of the important members. If China really starts buying Bitcoin, what profound impact will this have on the global finance?
Zhao Changpeng further pointed out that China may quietly acquire Bitcoin behind the scenes and publicly disclose this action at an appropriate time. He believes this approach could help China achieve a more independent position within the global financial system. However, some experts also express that if China intends to bypass the dollar hegemony and accumulate reserves through Bitcoin, it will be very difficult. After all, the central banks of the United States and other countries closely monitor the flow of funds.
In addition, Zhao Changpeng raised a thought-provoking point: as more and more countries join, the global financial order dominated by G7 countries may gradually collapse, replaced by a 'Bitcoin G7' led by Bitcoin. This idea is similar to the Libra concept proposed by Zuckerberg in 2018, which failed to materialize due to strong opposition from Trump at that time, but Zhao Changpeng's renewed mention of this concept has sparked new discussions.
So, is this 'Bitcoin G7' concept really possible to become a reality?
Bonus: Potential Meme Coin Focus Marvin on the Ethereum chain is likely to become a potential meme coin. If market sentiment continues to rise, there may be unexpected surprises!
I got ORDI at 65, it rose to 90 in March and I didn't sell,
安知予之乐
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The current ORDI scene is very similar to when it was at 3U. At that time, it was also attacked by a bunch of BTC ecosystem's 'useless theory' and ORDI's 'garbage theory.' I still remember that time; I firmly believed in ORDI and even stayed up late to write a lengthy article of several thousand words. Today, I suddenly found that feeling again from when ORDI was at 3U, truly a bit nostalgic, haha~
ORDI's highest point so far has dropped less than 3 times, which can be considered a bull market. Although other coins are rising, if most of your altcoins are stuck at the peak, even if they have risen now, you may still be down by more than 3 times~
At the end of last year when ORDI was rising, other coins were also hovering at low positions. The market has cycles and rotations; right now, ORDI may not have had its turn yet, but it will have its peak sooner or later.
Moreover, ORDI's liquidity has always been good; whether you want to take profits or enter the market, large funds can move in and out freely at any time.
In the BTC ecosystem, I have already gained my freedom, but seeing ORDI being suppressed like this, I really can't bear to watch. I still can't help but want to shout for it, perhaps because of my position, or perhaps because of my faith in it. In fact, I have always been here!
Is Sui this high?? Are you still buying? On August 5, 2024, when it crashed, Sui was at a low of 0.46, didn't you ask about not getting in? From 0.46 to 4.7, that's a tenfold increase!
老李财经
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Bullish
#sui链 SUI can just be held on to! Old Li's words are almost worn out, from 0.89 to 4.87, those who want to chase can continue to chase, there's plenty of room! Recently, SUI's trading volume soared to over 3.6 billion USD, attracting a large amount of buying. As the Sui network platform expands its practical use cases through various integrations with financial platforms, it is becoming increasingly popular. On the technical side, SUI has broken through the double bottom pattern, and after a slight pullback, it has started to expand. The technical aspect is currently very strong, supporting a bullish narrative. Therefore, since the RSI has entered the overbought area, it has maintained a healthy upward trend. As there is currently no indication of any bearish divergence, SUI is expected to maintain a bullish trend. If anyone is confused by market fluctuations, unsure how to deal with being trapped, or feels misled during operations, feel free to communicate! I am Old Li. $SUI
Sui surged from 0.5 to 4 on August 5th, do not buy in, it's at a high position, sell quickly
币圈有道
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SUI currently has a circulating market value of 11.6 billion, basically unlocking 64 million tokens each month, amounting to about 200-300 million USD. If the SUI ecosystem can keep up, the impact of selling pressure will not be significant, and in the future, there is about 5 times the potential, which means a market value of 50-60 billion USD. Currently, the bottom is ten times lower; the strategy is to accumulate at low prices. In a bull market, there will be waterfall corrections; buy at low levels and evaluate the results in the next six months! #sui链
Sui has already increased tenfold, so don't buy it, sell it.
币圈小喵
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Let's take a look at SUI:
$SUI has been rising from the bottom of 0.46 all the way, and it is now close to 10 times. This momentum has caused many people to question: "Can SUI still rise?"
Let's take a look at Bu Ju from the project party:
1. SuiPlay0X1 handheld game console: This is an innovative device that combines blockchain and traditional games. It is expected to reshape the market after it is launched in 2025.
2. Phantom wallet support: After Solana, Bitcoin, and Ethereum, SUI has become the fourth supported public chain, which is of great significance.
3. Strong DeFi ecology: The total locked value has exceeded 282 million magnesium, and projects such as NAVI and Cetus have injected vitality into the ecology. Coupled with Grayscale's layout, the ecology is further revitalized.
4. Stablecoin FDUSD native asset: Becoming the fourth stablecoin of SUI, highlighting its recognition by financial institutions.
5. Technological innovation: For example, the zkLogin function allows users to open a wallet directly with a Google account, greatly reducing the threshold for novices.
SUI not only has a strong base support, but also continuously launches new products and technologies. With this development momentum, it is not difficult for the market value to be among the top 10. The future is promising!
The first picture is made by Bao Erye and his team from the ETHW copycat project. It is not the Ethereum spot ETF launched by a regular brokerage exchange, referred to as ETHW. Everyone should carefully distinguish the true from the false, and make sure to look carefully to avoid buying the wrong one.