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Let’s popularize, why is WLD worth your attention?
Sam Altman is the key figure behind these two technologies:
• He is the co-founder and former CEO of OpenAI (the organization behind ChatGPT), dedicated to advancing the development of artificial intelligence.
• At the same time, he is also a co-founder of Worldcoin, focusing on the blockchain field, committed to building a global digital identity system through biometric technology.
WLD provides a biometric-based identity verification tool—World ID. Through iris scanning, users can generate a globally unique identity identifier. This technology is expected to address the challenge of distinguishing between “humans and robots” in a future where artificial intelligence is widespread, with extensive applications in online payment, identity verification, and other fields.
Ecosystem explosion, strong user base
The official crypto wallet World App launched by Worldcoin has seen its user base grow from less than 100,000 last year to over a million in a short time. This not only reflects the rapid growth of the ecosystem but also indicates that the application scenarios of WLD are being accepted by more people.
In addition, the project has already collaborated with internationally renowned platforms such as Shopify, Telegram, and Reddit, and the future application scope is immeasurable.
Capital support, limitless bull market potential
With strong financial backing, the development and promotion of WLD are progressing rapidly. Earlier this year, the project secured $115 million in funding, ranking among the top crypto projects. Furthermore, with a total market value of less than $1 billion, there is still significant growth potential for the future. $WLD #AI and GameFi market performance
Sam Altman is the key figure behind these two technologies:
• He is the co-founder and former CEO of OpenAI (the organization behind ChatGPT), dedicated to advancing the development of artificial intelligence.
• At the same time, he is also a co-founder of Worldcoin, focusing on the blockchain field, committed to building a global digital identity system through biometric technology.
WLD provides a biometric-based identity verification tool—World ID. Through iris scanning, users can generate a globally unique identity identifier. This technology is expected to address the challenge of distinguishing between “humans and robots” in a future where artificial intelligence is widespread, with extensive applications in online payment, identity verification, and other fields.
Ecosystem explosion, strong user base
The official crypto wallet World App launched by Worldcoin has seen its user base grow from less than 100,000 last year to over a million in a short time. This not only reflects the rapid growth of the ecosystem but also indicates that the application scenarios of WLD are being accepted by more people.
In addition, the project has already collaborated with internationally renowned platforms such as Shopify, Telegram, and Reddit, and the future application scope is immeasurable.
Capital support, limitless bull market potential
With strong financial backing, the development and promotion of WLD are progressing rapidly. Earlier this year, the project secured $115 million in funding, ranking among the top crypto projects. Furthermore, with a total market value of less than $1 billion, there is still significant growth potential for the future. $WLD #AI and GameFi market performance
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$BTC
This statement may offend people
If you are sure this is a bull market, don't do quantitative trading, and don't believe in the usefulness of buying indicators 🤔
In simple terms,
Trading technology, who else has skills like chatgap AI?
Alas, the essence of trading is a contest of human nature
In specific market conditions, indicators can be effective, but the moment indicators become ineffective, it is always high risk. This is the experience of someone who has been through it. You have your own trading system, and these indicators can assist in perfecting your trading. But if you don't, from the experience of someone who has been through it, I also believed before; why don't I believe now?
Good quantitative indicators will not casually flow into the market
As for whether to run more or less, that is given by the market. If you are sure it is a bull market, it is better to firmly maintain your position.
This statement may offend people
If you are sure this is a bull market, don't do quantitative trading, and don't believe in the usefulness of buying indicators 🤔
In simple terms,
Trading technology, who else has skills like chatgap AI?
Alas, the essence of trading is a contest of human nature
In specific market conditions, indicators can be effective, but the moment indicators become ineffective, it is always high risk. This is the experience of someone who has been through it. You have your own trading system, and these indicators can assist in perfecting your trading. But if you don't, from the experience of someone who has been through it, I also believed before; why don't I believe now?
Good quantitative indicators will not casually flow into the market
As for whether to run more or less, that is given by the market. If you are sure it is a bull market, it is better to firmly maintain your position.
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🤔Is Bitcoin about to crash? Robert Kiyosaki's opinion says so!
Financial writer Robert Kiyosaki, also the author of the bestselling book 'Rich Dad Poor Dad', recently made a prediction about the future price of Bitcoin. He stated that Bitcoin might drop to $60,000 because it seems difficult to break through the $100,000 mark at the moment.
He also mentioned that if Bitcoin really drops to $60,000, it wouldn't be a bad thing; rather, it would be a good buying opportunity. Furthermore, he remains very optimistic about Bitcoin in the long term, believing that by 2025, the price could surge to $250,000!
Kiyosaki added that his investment strategy is focused on accumulation, not on speculating on prices. He reminded us that once Bitcoin's price surpasses $100,000, it will be increasingly difficult for middle-class and low-income investors to afford it. He thinks that by then, corporations, banks, and sovereign wealth funds will become the main force in buying Bitcoin.
However, there are differing opinions. For example, Thomas Lee, Chief Investment Officer of Fundstrat Capital, is super optimistic. While discussing with SkyBridge founder Anthony Scaramucci, he stated that as Bitcoin's block rewards decrease, supply diminishes, consequently driving prices up, and he predicts that within the next 12 months, Bitcoin's price will exceed $250,000.
Lee also mentioned that if the U.S. government supports Bitcoin, its value could see a significant breakthrough. He believes that if Bitcoin becomes a strategic reserve asset for the U.S., it could completely change the market's perception of it.
In summary, Kiyosaki's viewpoint may represent investors who focus more on market cycles and value accumulation, while Lee's perspective may attract those seeking rapid growth and high returns. Interestingly, both predictions emphasize the increasing importance of Bitcoin in the global financial system and its potential influence as an emerging asset class.
However, Bitcoin's price is affected by various factors, including technological developments, market sentiment, macroeconomic trends, and changes in the regulatory environment. Therefore, investors need to consider these factors comprehensively when making investment decisions and develop investment strategies based on their risk tolerance and goals, avoiding blindly following trends.
#BitcoinPrediction #MarketDynamics #InvestWithCaution
$BTC
Financial writer Robert Kiyosaki, also the author of the bestselling book 'Rich Dad Poor Dad', recently made a prediction about the future price of Bitcoin. He stated that Bitcoin might drop to $60,000 because it seems difficult to break through the $100,000 mark at the moment.
He also mentioned that if Bitcoin really drops to $60,000, it wouldn't be a bad thing; rather, it would be a good buying opportunity. Furthermore, he remains very optimistic about Bitcoin in the long term, believing that by 2025, the price could surge to $250,000!
Kiyosaki added that his investment strategy is focused on accumulation, not on speculating on prices. He reminded us that once Bitcoin's price surpasses $100,000, it will be increasingly difficult for middle-class and low-income investors to afford it. He thinks that by then, corporations, banks, and sovereign wealth funds will become the main force in buying Bitcoin.
However, there are differing opinions. For example, Thomas Lee, Chief Investment Officer of Fundstrat Capital, is super optimistic. While discussing with SkyBridge founder Anthony Scaramucci, he stated that as Bitcoin's block rewards decrease, supply diminishes, consequently driving prices up, and he predicts that within the next 12 months, Bitcoin's price will exceed $250,000.
Lee also mentioned that if the U.S. government supports Bitcoin, its value could see a significant breakthrough. He believes that if Bitcoin becomes a strategic reserve asset for the U.S., it could completely change the market's perception of it.
In summary, Kiyosaki's viewpoint may represent investors who focus more on market cycles and value accumulation, while Lee's perspective may attract those seeking rapid growth and high returns. Interestingly, both predictions emphasize the increasing importance of Bitcoin in the global financial system and its potential influence as an emerging asset class.
However, Bitcoin's price is affected by various factors, including technological developments, market sentiment, macroeconomic trends, and changes in the regulatory environment. Therefore, investors need to consider these factors comprehensively when making investment decisions and develop investment strategies based on their risk tolerance and goals, avoiding blindly following trends.
#BitcoinPrediction #MarketDynamics #InvestWithCaution
$BTC
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Why Quantum Computers Cannot Crack Bitcoin
$ETH $BTC
The powerful computing capabilities of quantum computers have raised concerns that they may crack encryption systems like Bitcoin, especially the elliptic curve encryption (ECDSA) and hash functions (SHA-256) it relies on. However, at the current stage, quantum computers cannot easily crack Bitcoin's encryption mechanisms, due to the design of Bitcoin's encryption, the current state of quantum computer development, and potential countermeasures.
First, Bitcoin uses two core cryptographic technologies: hash functions (SHA-256) and the Elliptic Curve Digital Signature Algorithm (ECDSA). Among them, SHA-256 is used to generate block hash values and is a one-way function, meaning it is very easy to generate output from input, but almost impossible to reverse the input from the output. This design makes Bitcoin mining require a large amount of computing power, but it is not easily reversible. Even if future quantum computers have the capability for large-scale computation, using Grover's algorithm to accelerate searches, the security of hash functions would only be reduced by half (for example, from 256-bit security to 128-bit), which is still quite secure.
The powerful computing capabilities of quantum computers have raised concerns that they may crack encryption systems like Bitcoin, especially the elliptic curve encryption (ECDSA) and hash functions (SHA-256) it relies on. However, at the current stage, quantum computers cannot easily crack Bitcoin's encryption mechanisms, due to the design of Bitcoin's encryption, the current state of quantum computer development, and potential countermeasures.
First, Bitcoin uses two core cryptographic technologies: hash functions (SHA-256) and the Elliptic Curve Digital Signature Algorithm (ECDSA). Among them, SHA-256 is used to generate block hash values and is a one-way function, meaning it is very easy to generate output from input, but almost impossible to reverse the input from the output. This design makes Bitcoin mining require a large amount of computing power, but it is not easily reversible. Even if future quantum computers have the capability for large-scale computation, using Grover's algorithm to accelerate searches, the security of hash functions would only be reduced by half (for example, from 256-bit security to 128-bit), which is still quite secure.
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《#SHIBA🚀 Is About to Destroy 300 Billion? Family, the wait is not in vain, shib is about to welcome its second spring》
Shiba Inu Coin ($SHIB ) has explosive news — it is rumored that 30 billion will be destroyed, instantly igniting market enthusiasm, seemingly opening the curtain for its "second spring".
Since its inception, shib has attracted countless fans with its adorable Shiba Inu image and meme culture, once competing with Dogecoin in popularity. However, with the market's ups and downs, it has experienced setbacks and gradually become quiet, with investors eagerly hoping for a turnaround.
If this destruction materializes, it will be of great significance. Economically, a sudden reduction in token supply, according to supply and demand relationships, can strongly support price increases when demand remains stable or rises.
From an ecological construction perspective, the shib team has previously focused on the DeFi and NFT sectors, building an application framework with dedicated trading platforms and unique NFT sales as achievements. The destruction plan, like a powerful magnet, will attract more developers with new technologies, allowing the ecosystem to flourish and its value to rise.
It is worth mentioning that while #Musk has not focused on shib's destruction, his influence in the crypto space is immense, with past statements swaying market trends.
He has supported Dogecoin #Doge🚀🚀🚀, causing its value to soar, and recently the trending #puppies, making the primary market worth watching, which also provides insights and imaginative space for shib, a meme coin, — when celebrities speak out, and the market acknowledges, the potential can be deeply explored.
This opportunity for shib is tempting, but investors must remain calm, closely monitor official announcements, assess market trends, manage risks, and wait to witness whether it can leverage the winds of destruction to break out of its cocoon and shine anew.
$SHIB
Shiba Inu Coin ($SHIB ) has explosive news — it is rumored that 30 billion will be destroyed, instantly igniting market enthusiasm, seemingly opening the curtain for its "second spring".
Since its inception, shib has attracted countless fans with its adorable Shiba Inu image and meme culture, once competing with Dogecoin in popularity. However, with the market's ups and downs, it has experienced setbacks and gradually become quiet, with investors eagerly hoping for a turnaround.
If this destruction materializes, it will be of great significance. Economically, a sudden reduction in token supply, according to supply and demand relationships, can strongly support price increases when demand remains stable or rises.
From an ecological construction perspective, the shib team has previously focused on the DeFi and NFT sectors, building an application framework with dedicated trading platforms and unique NFT sales as achievements. The destruction plan, like a powerful magnet, will attract more developers with new technologies, allowing the ecosystem to flourish and its value to rise.
It is worth mentioning that while #Musk has not focused on shib's destruction, his influence in the crypto space is immense, with past statements swaying market trends.
He has supported Dogecoin #Doge🚀🚀🚀, causing its value to soar, and recently the trending #puppies, making the primary market worth watching, which also provides insights and imaginative space for shib, a meme coin, — when celebrities speak out, and the market acknowledges, the potential can be deeply explored.
This opportunity for shib is tempting, but investors must remain calm, closely monitor official announcements, assess market trends, manage risks, and wait to witness whether it can leverage the winds of destruction to break out of its cocoon and shine anew.
$SHIB
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BSC Ecosystem Vitality Release: Unlocking a New Chapter in Blockchain for 2024
#BSC生态活力释放 $BNB
In 2024, the BSC (Binance Smart Chain) ecosystem welcomed unprecedented vitality, like a strong tide sweeping through the entire blockchain industry. Let's take a look at how BSC releases endless potential through technological innovation, ecological expansion, and community power, ushering in its glorious moment!
Technological upgrades, building the bridge to the future
As a high-speed, low-cost blockchain, BSC always prioritizes technological innovation. This year, the new consensus mechanism 'Proof of Staked Authority 2.0' launched by BSC has achieved more efficient validation, with transaction speeds increased by 30% and Gas fees further reduced. This technological advancement not only provides developers with a more friendly environment but also brings users a smoother experience.
In 2024, the BSC (Binance Smart Chain) ecosystem welcomed unprecedented vitality, like a strong tide sweeping through the entire blockchain industry. Let's take a look at how BSC releases endless potential through technological innovation, ecological expansion, and community power, ushering in its glorious moment!
Technological upgrades, building the bridge to the future
As a high-speed, low-cost blockchain, BSC always prioritizes technological innovation. This year, the new consensus mechanism 'Proof of Staked Authority 2.0' launched by BSC has achieved more efficient validation, with transaction speeds increased by 30% and Gas fees further reduced. This technological advancement not only provides developers with a more friendly environment but also brings users a smoother experience.
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#AI与GameFi市场表现
Market Hot AI Project Summary
1. AI + MEME
ACT: AI-generated creative MEME, traded in combination with the NFT market.
GOAT: AI analyzes trending topics to generate MEME, spreading can earn rewards.
TurboAI: AI generates MEME, community votes for the best, rewarding creators.
2. AI + GameFi
AI: Provides smart NPCs and dynamic scene generation for blockchain games, enhancing the metaverse gaming experience.
3. AI + Creators
NFP: AI generates virtual character NFTs, applicable in games, film, and other scenarios.
IQ: Decentralized knowledge platform, AI generates and verifies content, creators share profits.
4. AI + Infrastructure
FET: Decentralized machine learning network, providing AI solutions for enterprises.
GRT: Blockchain data indexing protocol, supporting AI-driven data queries.
IO: High-performance computing platform for training and deploying AI models.
5. AI + Identity Protocol
WLD (Worldcoin): Provides a globally unique digital identity, supporting decentralized identity authentication and payments.
$WLD
Market Hot AI Project Summary
1. AI + MEME
ACT: AI-generated creative MEME, traded in combination with the NFT market.
GOAT: AI analyzes trending topics to generate MEME, spreading can earn rewards.
TurboAI: AI generates MEME, community votes for the best, rewarding creators.
2. AI + GameFi
AI: Provides smart NPCs and dynamic scene generation for blockchain games, enhancing the metaverse gaming experience.
3. AI + Creators
NFP: AI generates virtual character NFTs, applicable in games, film, and other scenarios.
IQ: Decentralized knowledge platform, AI generates and verifies content, creators share profits.
4. AI + Infrastructure
FET: Decentralized machine learning network, providing AI solutions for enterprises.
GRT: Blockchain data indexing protocol, supporting AI-driven data queries.
IO: High-performance computing platform for training and deploying AI models.
5. AI + Identity Protocol
WLD (Worldcoin): Provides a globally unique digital identity, supporting decentralized identity authentication and payments.
$WLD
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The story of Worldcoin: From vision to reality
$WLD
A bold vision: Empowering global identity and wealth
At the beginning of 2023, a project called 'Worldcoin' quietly emerged in the tech circle. Its founder, Sam Altman, who is also the CEO of OpenAI, proposed an intriguing vision:
Providing a globally unique digital identity for everyone and achieving fair wealth distribution through it.
He believes that with the rapid development of artificial intelligence, more and more jobs will be replaced by machines. To address this future, a new economic model should be explored, in which Universal Basic Income (UBI) could be key. To achieve this, a reliable, global identity system is needed, one that can protect privacy while verifying authenticity.
A bold vision: Empowering global identity and wealth
At the beginning of 2023, a project called 'Worldcoin' quietly emerged in the tech circle. Its founder, Sam Altman, who is also the CEO of OpenAI, proposed an intriguing vision:
Providing a globally unique digital identity for everyone and achieving fair wealth distribution through it.
He believes that with the rapid development of artificial intelligence, more and more jobs will be replaced by machines. To address this future, a new economic model should be explored, in which Universal Basic Income (UBI) could be key. To achieve this, a reliable, global identity system is needed, one that can protect privacy while verifying authenticity.
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Xiao Li's SHIB dream: from discouragement to carnival and then to awakening
$SHIB
In 2021, Xiao Li is a newcomer to the workplace. He feels helpless about his salary as he squeezes into the subway every day from 9 to 5. "When can I buy a house with this little money?" One day, he saw his friends enthusiastically discussing a cryptocurrency called SHIB in a WeChat group.
"How many thousands of coins can I buy with 1 yuan? Isn't it easy to double my money with it?" Encouraged by his friends, Xiao Li decided to buy some to try. He spent 3,000 yuan to buy 1.5 billion SHIBs, thinking that if he lost all of them, he would just have to eat a few less barbecue meals.
Crazy Rise: From Ordinary to Heart-Pounding
A few months later, Xiao Li almost forgot about his investment. One day, he was awakened by a message in the group: "SHIB has increased 50 times!" He hurriedly opened his trading account and saw that his 3,000 yuan had turned into 150,000 yuan.
In 2021, Xiao Li is a newcomer to the workplace. He feels helpless about his salary as he squeezes into the subway every day from 9 to 5. "When can I buy a house with this little money?" One day, he saw his friends enthusiastically discussing a cryptocurrency called SHIB in a WeChat group.
"How many thousands of coins can I buy with 1 yuan? Isn't it easy to double my money with it?" Encouraged by his friends, Xiao Li decided to buy some to try. He spent 3,000 yuan to buy 1.5 billion SHIBs, thinking that if he lost all of them, he would just have to eat a few less barbecue meals.
Crazy Rise: From Ordinary to Heart-Pounding
A few months later, Xiao Li almost forgot about his investment. One day, he was awakened by a message in the group: "SHIB has increased 50 times!" He hurriedly opened his trading account and saw that his 3,000 yuan had turned into 150,000 yuan.
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The Crazy Journey of Dogecoin
The birth of Dogecoin
In 2013, two programmers, Billy Markus and Jackson Palmer, created a digital currency called 'Dogecoin' for fun, based on the popular 'Shiba Inu dog meme'. Initially, they just wanted to make a joke, but unexpectedly, this funny coin quickly became popular in the internet community, becoming an alternative 'digital currency culture'.
A Qiang's first encounter
In 2020, A Qiang was an ordinary college student who liked to scroll through Twitter in his spare time. One day, he saw a tweet from Tesla CEO Elon Musk: 'Dogecoin is the people's currency!' with a picture of a cute Shiba Inu.
In 2013, two programmers, Billy Markus and Jackson Palmer, created a digital currency called 'Dogecoin' for fun, based on the popular 'Shiba Inu dog meme'. Initially, they just wanted to make a joke, but unexpectedly, this funny coin quickly became popular in the internet community, becoming an alternative 'digital currency culture'.
A Qiang's first encounter
In 2020, A Qiang was an ordinary college student who liked to scroll through Twitter in his spare time. One day, he saw a tweet from Tesla CEO Elon Musk: 'Dogecoin is the people's currency!' with a picture of a cute Shiba Inu.
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Xiao Li's Bitcoin Investment Adventure
First Encounter with Bitcoin
In 2015, Xiao Li was an ordinary office worker, living a 9 to 5 life. He accidentally heard a friend mention something called Bitcoin, described as 'the currency of the future,' when one Bitcoin was only 2000 yuan. At first, Xiao Li wasn't interested, thinking it sounded too unrealistic, but a friend's words made him tempted:
'Why not try investing a few thousand, what if it works out?'
With a mindset of trying it out, Xiao Li spent 5000 yuan to buy 2.5 Bitcoins.
Early Fluctuations
The price of Bitcoin is like a roller coaster. At first, the price kept rising, and six months later it reached 4000 yuan each. Xiao Li was overjoyed, thinking this investment was a windfall. But the good times didn't last long; in early 2016, the price of Bitcoin plummeted below 2000 yuan, and Xiao Li's investment shrank by nearly half.
In 2015, Xiao Li was an ordinary office worker, living a 9 to 5 life. He accidentally heard a friend mention something called Bitcoin, described as 'the currency of the future,' when one Bitcoin was only 2000 yuan. At first, Xiao Li wasn't interested, thinking it sounded too unrealistic, but a friend's words made him tempted:
'Why not try investing a few thousand, what if it works out?'
With a mindset of trying it out, Xiao Li spent 5000 yuan to buy 2.5 Bitcoins.
Early Fluctuations
The price of Bitcoin is like a roller coaster. At first, the price kept rising, and six months later it reached 4000 yuan each. Xiao Li was overjoyed, thinking this investment was a windfall. But the good times didn't last long; in early 2016, the price of Bitcoin plummeted below 2000 yuan, and Xiao Li's investment shrank by nearly half.
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#市场回暖新机遇
Current bull market's three major hot tracks:
1. U.S. ETF Priority Track (Payment Type)
Recommended coins: DOGE, XRP, XLM, ALGO, ADA, SOL. These coins have great potential, and their market value could leap to tens of millions of dollars at any time. It is advisable to choose 1-3 for the most reasonable holding.
2. MEME Coin Track
Representative coins: PEPE, WIF, PNUT. MEME coins are a hot track running through the bull market, with strong explosive power, but with similar attributes, just choose 1 to hold, as the gains often move together.
3. AI Track
Recommended coins: WLD, NEAR, ARKM, FET. AI is a future theme; although currently performing moderately, the potential is enormous, and it is expected to run out as a major leader. It is advisable to choose 1-2 for holding.
Supplement
Other tracks such as RWA, DEFI, GAMEFI, etc., are still in the exploratory stage, and there may be some speculative coins, but with limited funding, it is recommended to concentrate investments in the three major tracks.
Appropriately participate in meme coins and new concept coins, but keep the positions light, as too much will lead to poor outcomes.
Funding and holding suggestions
Below 100,000: Choose 2-3 altcoins
200,000-500,000: Choose 4-8 altcoins
500,000-2,000,000: Choose 5-10 altcoins
2,000,000-5,000,000: Choose 10-15 altcoins
Above 5,000,000: BTC as the main asset, with proper allocation of altcoins
Maintain fixed positions, leave some funds for short-term operations, and avoid blindly chasing highs or frequently jumping positions; long-term strategies are more likely to yield profits.
Current bull market's three major hot tracks:
1. U.S. ETF Priority Track (Payment Type)
Recommended coins: DOGE, XRP, XLM, ALGO, ADA, SOL. These coins have great potential, and their market value could leap to tens of millions of dollars at any time. It is advisable to choose 1-3 for the most reasonable holding.
2. MEME Coin Track
Representative coins: PEPE, WIF, PNUT. MEME coins are a hot track running through the bull market, with strong explosive power, but with similar attributes, just choose 1 to hold, as the gains often move together.
3. AI Track
Recommended coins: WLD, NEAR, ARKM, FET. AI is a future theme; although currently performing moderately, the potential is enormous, and it is expected to run out as a major leader. It is advisable to choose 1-2 for holding.
Supplement
Other tracks such as RWA, DEFI, GAMEFI, etc., are still in the exploratory stage, and there may be some speculative coins, but with limited funding, it is recommended to concentrate investments in the three major tracks.
Appropriately participate in meme coins and new concept coins, but keep the positions light, as too much will lead to poor outcomes.
Funding and holding suggestions
Below 100,000: Choose 2-3 altcoins
200,000-500,000: Choose 4-8 altcoins
500,000-2,000,000: Choose 5-10 altcoins
2,000,000-5,000,000: Choose 10-15 altcoins
Above 5,000,000: BTC as the main asset, with proper allocation of altcoins
Maintain fixed positions, leave some funds for short-term operations, and avoid blindly chasing highs or frequently jumping positions; long-term strategies are more likely to yield profits.
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I advise everyone to be rational and stop trading with USDT. Don't even keep any of them. Exchange them all for BNB or USDC.
Why is Bitcoin going up like crazy now? Where does the money of institutions come from? The only possibility that allows them to raise the price of Bitcoin without any scruples is that they don't need funds to raise the price.
If Tether can issue USDT out of thin air, theoretically, it can purchase a large amount of BTC with USDT through related parties or partners to push up the price. This operation will create the illusion of demand in the market and further attract external investors to enter.
The biggest dealer in the virtual currency market is Tether. God knows how many institutions it cooperates with behind the scenes.
Many people see that Bitcoin and other copycats are either reluctant to sell or reflexively exchange them for USDT. How many people can actually withdraw money? Don't hold it anymore. $BTC $USDC $ETH
Why is Bitcoin going up like crazy now? Where does the money of institutions come from? The only possibility that allows them to raise the price of Bitcoin without any scruples is that they don't need funds to raise the price.
If Tether can issue USDT out of thin air, theoretically, it can purchase a large amount of BTC with USDT through related parties or partners to push up the price. This operation will create the illusion of demand in the market and further attract external investors to enter.
The biggest dealer in the virtual currency market is Tether. God knows how many institutions it cooperates with behind the scenes.
Many people see that Bitcoin and other copycats are either reluctant to sell or reflexively exchange them for USDT. How many people can actually withdraw money? Don't hold it anymore. $BTC $USDC $ETH