Li Zhongyi: It's really here! BTC will battle at the peak of the Forbidden City!
A picture speaks a thousand words. Congratulations to those who followed along yesterday and again took nearly a thousand points in profit. The fluctuating market requires patience, and the bull market is always on the way; recent profits are just an appetizer. Let's take a look at gold. Recently, gold prices have seen a correction, with international gold prices continuously declining, falling below $2,600/oz, currently reported at $2,585.41/oz. The reasons for the decline in gold prices include the continued strength of the US dollar, Bitcoin breaking above $90,000 leading to a decrease in gold's attractiveness, and cooling market expectations for interest rate cuts. Investors' enthusiasm for gold investments has temporarily receded amid concerns over Trump's strong dollar policy, resulting in a rapid decline in gold prices recently. From the perspective of the global macroeconomic environment, the recent drop in gold prices is closely related to the strength of the US dollar and the rise in US bond yields. Additionally, part of the recent decline in gold is attributed to speculative funds pouring into BTC. Gold and BTC have a competitive relationship, with BTC's biggest issue being the lack of regulatory clarity, and the uncertainty of policies causing many funds to hesitate. As Trump's inauguration day approaches, it signifies that the path to compliance regulation in the crypto space is coming closer. For BTC, the prosperous days have just begun! Today, billionaire investor Paul Tudor Jones increased his fund's #Bitcoin holdings by 5 times through BlackRock's ETF, reaching $159.9 million. Old Li mentioned yesterday that the preference of institutions and funds for BTC will continue to rise, 'This Paul really gives Old Li face.'
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