Family: On November 26th, Bitcoin dropped below 91,000, causing 170,000 people to be liquidated overnight. Will this have an impact on the future market development?
Why is the beautiful country tying Bitcoin, this 'pawn', to the US dollar?
My personal answer: Perhaps it is hidden under the immense pressure of the beautiful country's 36 trillion dollars in national debt. The beautiful country and financial institutions' holdings of US Treasury bonds are continuously increasing, while overseas central banks are continuously reducing their holdings. Faced with this 'time bomb' that could explode at any moment, the beautiful country seems to be looking for a new way out, and I believe Bitcoin is seen as a tool to raise the value of the dollar, ultimately achieving the goal of 'defaulting'.
Can Bitcoin really become the 'lifeline' for the dollar? Compared to traditional safe-haven assets like gold, Bitcoin is like a wild horse that is difficult to tame, with extreme price fluctuations and high risks. Tying the fate of the dollar to such an unstable asset is akin to walking a tightrope on the edge of a cliff.
But as the number one country, the beautiful country dares to do this, intending to use Bitcoin as a national strategic reserve, only buying and not selling. This is the work to be done next, and the market will emerge, with Bitcoin continuously aligning with gold's market value, and the fluctuations slowly forming a stable trend. From the current trend of Bitcoin, it is steadily rising, and the pullbacks are not very deep. If we execute according to the current news, Bitcoin will only become stronger and stronger.