Breaking news! Will China restart the Bitcoin market? What will happen to Shiba Inu Coin (SHIB) in the future?
Hey, friends in the cryptocurrency circle, there is big news! Bitcoin Magazine recently said that China may soon open up Bitcoin activities, and the results will be known as early as January 2025. The media that hosts the 2024 Bitcoin Conference also speculated that China may have been secretly hoarding Bitcoin.
Bitcoin Magazine's EU reporter Vivek Sen wrote an article. He thinks it is only a matter of time before China cancels Bitcoin mining. Although they banned trading and mining in 2021, there are many things to do after that. Bitcoin is so popular. Trump has called on everyone to hoard Bitcoin, and Bitcoin ETF has been approved. Fed Chairman Powell has said that Bitcoin is "digital gold", and the bigwigs of BlackRock also support Bitcoin. Even the Russian president has praised it. If China is really hoarding Bitcoin, we will not be surprised.
Vivek Sen also said that China does not like to publicize things in advance. Like Asian countries, it likes to keep a low profile. Zhao Changpeng of Binance also said that Asian countries are not as fond of open policies as the United States. If China has any action on Bitcoin, we have to wait until they are ready to know.
He thinks that China may be planning to liberalize Bitcoin and cryptocurrencies, and he would not find it strange if it is released in the first quarter of 2025, especially if Trump comes to power again.
Bitcoin is very stable now, hovering around 105,000, but the volume is not enough. Without big funds to pull it up, relying on blood sucking to pull the market, you have to be careful of stepping back. There is no top in the bull market, and you don’t short when you are bearish. Now it’s just a little bit of testing and breaking. Don’t rush to cover your position, don’t chase the rise, the wind is strong at the top of the mountain, you have to stand firm.
Binance Coin is fluctuating between 700 and 740, and it has issued two consecutive Holder rewards, which is really good. Ethereum is also dawdling around 4,000, and fixed investment will definitely make money. Institutions are increasing their holdings. The goal of 4,800 is obvious, and the second place for a thousand years is also worth a look. Bitcoin is too high? You can consider Ethereum.
For the next layout direction, I will lead everyone to aim at the profit opportunities of copycats, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!
