š In the wave of loose money, stocks, bonds and gold rose. Why did Bitcoin buck the trend and be in the cold?
Recently, some media have begun to report that in the context of global monetary easing policies, the prices of stocks, bonds and gold are soaring, but only Bitcoin's performance is mediocre and other related reports.
These reports give the impression that all traditional assets are rising and only Bitcoin is struggling.
Secondly, the article also mentioned that the cryptocurrency market needs more interest rate cuts to start the next bull market.
Therefore, the mainstream media seems to be inclined to convey a message that Bitcoin has no hope in the short term, and that a real bull market will only be possible after multiple rounds of substantial interest rate cuts.
But this statement is misleading and clearly ignores the significant growth that Bitcoin has achieved this cycle.
In fact, the price of Bitcoin in this cycle has increased nearly four times from around US$15,000 to the current US$60,000, which has shown that it has entered a bull market earlier in the past year or so.
To sum up, some people believe that this may be a panic deliberately created by the media, causing investors to sell their assets in panic, or to prevent them from rashly adding to their positions.
The purpose of mainstream media doing this may be to cooperate with large institutions and whales to accumulate enough chips in the short term.
When the market goes sideways or falls, the media may spread more panic news; and when Bitcoin really starts to rise, breaking through the previous high of this round, or even breaking $100,000, what will the mainstream media look like?
Will they immediately change their attitude, start hyping up the news of Bitcoinās surge, and induce retail investors to enter the market to take over the market?
š£ Opinion:
Therefore, as retail investors, we must learn to think independently and identify misleading information in the market. Here, I hope that through our analysis and your wisdom, we can make smarter investment choices together.
At the same time, in the unpredictable cryptocurrency market, adopting a passive period investment (DCA) strategy may be the safest way to invest.
š¬ Do you think Bitcoin is currently undervalued? What is your investment strategy in this uncertain market? Leave your opinions in the comment section!
