Bitcoin is really the "youngest of the younger brothers" now - when the US stock market rises in the evening, it is as still as a mountain, and when the A-share market rebounds during the day, it still lies like a dead dog. The performance of the past few days has made it clear to us that Bitcoin has almost become an existence outside the three realms. Whenever a sovereign state introduces any stimulus monetary policy, you will find that these policies are highly targeted, and Bitcoin can only drink soup on the side, and even be sucked blood in many cases.
Take this time when China's monetary stimulus to stimulate the stock market, the currency circle did not even drink a mouthful of soup. Instead, it was like last year when Silicon Valley Bank collapsed and the US financial system had problems, Bitcoin was crazy about eating meat. To a certain extent, Bitcoin stands on the opposite side of traditional finance, which can also be regarded as a manifestation of its risk-averse properties. Therefore, under the background of large-scale money printing and monetary stimulus in various countries, the currency market has become more panic. In layman's terms, Bitcoin's mentality towards A-shares and US stocks is: I am afraid that my brother will suffer, and I am afraid that my brother will drive a Land Rover.
The current situation is indeed that the stock market has sucked away the funds of the currency market. Considering that the State Council Information Office and the Ministry of Finance will launch subsequent stimulus policies on Saturday, it is probably difficult for the market to reverse in the next two days. However, this state is short-term. The reason why Bitcoin is so powerful is that it has gone through 15 years of testing, and both security and consensus accumulation are very solid. In history, there are too many financial products that have been short-term popular due to loose money, but in the end, only Bitcoin can withstand the test of the cycle. Therefore, at this time, don't give up the truly valuable assets in your hands in pursuit of short-term overtaking.
