Bitcoin has hit new highs recently, with today’s highest price being 106630
One can't help but wonder, why are there still people buying bitcoins worth more than 100,000 yuan? Didn't they buy it at 20,000 or 30,000 yuan last year, and didn't they buy it at 50,000 or 60,000 yuan this year? Who are the people buying it?
Newcomers to the market are buying
It is possible that many people have never known about the cryptocurrency world and have never bought Bitcoin in their daily lives. After seeing the news that Bitcoin has risen a lot, they also want to buy some and wait for the rise.
People who have a firm belief in Bitcoin are buying
These people have a firm belief in Bitcoin. They always believe that Bitcoin's 100,000 US dollars is just the beginning, and it will gradually reach 120,000, 150,000, or even 200,000, 500,000 in the future. Therefore, the current 100,000 is also worth buying, and they can still make money in the future.
People who invest for a long time are buying
There are many people who believe that regular investment in Bitcoin can make money. They receive monthly salary or welfare benefits. They believe in the power of time. Some people invest a little every week, and some buy a little every month. In short, they don’t care about the price and buy Bitcoin regularly.
The state and some institutions are buying
Bitcoin strategic reserves are in full swing. If the United States passes the Strategic Reserve Act, more national institutions will join in the future. Currently, many countries regard Bitcoin as a strategic reserve and legal tender. They don’t care much about the short-term price of Bitcoin.
Short-term speculators are buying
The bull market has just begun and has not ended. They firmly believe that in the short term, 100,000 yuan is just the starting point, 200,000 yuan and 300,000 yuan are the stars and the sea. If it falls, it will be fine if they can hold it for another three or four years. Many people think like this, take a gamble and turn a bicycle into a motorcycle
However, as far as the current situation is concerned, it is estimated that most retail investors in the cryptocurrency circle have not bought Bitcoin, let alone at this price. They basically have altcoins in their hands. Past experience also shows that altcoins will rise more in the later stage of the bull market.
At this stage, Bitcoin is more of a reference index, representing the overall market and providing guidance for the market.