Breaking News! Zhao Changpeng's Remark Shakes the Financial Circle, The Mystery of Bitcoin and China's Layout
Recently, former Binance CEO Zhao Changpeng made several eye-catching statements in the financial sector. He first announced that China's share of the global cryptocurrency trading has exceeded 30%, a shocking figure. Subsequently, Zhao Changpeng boldly predicted that if the United States attempts to obstruct China's gold holdings, China may establish its own Bitcoin reserves.
Zhao Changpeng's remarks have stirred up a huge wave in the financial circle. It is worth noting that many countries around the world have started to venture into the central bank digital currency field, with China being the leader of this trend. Therefore, if China really begins to purchase Bitcoin on a large scale, it will undoubtedly trigger a financial storm.
Zhao Changpeng also hinted that China may be secretly accumulating Bitcoin and waiting for the right moment to announce this decision. However, not everyone is optimistic about this. Some experts point out that if China wants to bypass the dollar hegemony, it faces numerous difficulties and challenges. After all, U.S. regulators have already set their sights on related accounts, and central banks around the world are well aware of this.
Zhao Changpeng also proposed a concept called “Bitcoin G7.” He predicts that as more countries join the ranks of digital currencies, the world financial system led by G7 countries will eventually collapse, to be replaced by a Bitcoin version of the G7. This statement has once again sparked people's attention and discussion regarding the financial revolution. Zhao Changpeng's remarks have attracted widespread attention and heated discussion in the financial sector. What will be the future direction of the financial market? Let’s wait and see.
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More and more funds are starting to engage in Bitcoin spot and contract arbitrage. The method is quite simple: buy spot when Bitcoin pulls back, and sell contracts when it rises. For example, if Bitcoin drops to 94,000, buy spot, and when it rises to 102,000, sell the contract. You might think there’s only about a 5% profit margin in between, but that is a big mistake. Now, the annual funding rate for contracts is 18%, which means this arbitrage opportunity is around 23%. So you see more and more large funds buying Bitcoin spot, while Bitcoin finds it hard to surge significantly. Once it does rise substantially, those who hold a large amount of Bitcoin spot can easily use that to crash the market, and profiting from shorting contracts is essentially the root cause of the pinning phenomenon!

You see the computing power that Google has announced. If it's really as they say, then breaking the keys to digital currencies is as easy as playing a game. What does that mean? The most advanced computers now need to solve problems that take longer than the age of the universe, which is 13.6 billion years. Google claims they solved it in five minutes. This is the reason for the decline of digital currencies; they are no longer secure.