He Yi, co-founder of Binance, posted a message on Binance Square, commenting on recent posts in the community that criticize blockchain. She said that it is not just the cryptocurrency community that is anxious, and whether the investment market is active is closely related to the economic cycle. Whether the economy is going up or down determines the direction of the public's budget allocation.
He Yi pointed out that every news from the Federal Reserve is like a baton for market trends for senior players in the cryptocurrency circle, especially in the context of the continuous expansion of the overall market size of the cryptocurrency circle and the participation of large financial institutions in the industry, the blockchain industry is gradually maturing. Especially after the approval of Bitcoin (BTC) and Ethereum (ETH) ETFs, as "configurable assets" in the investment category, the cryptocurrency market and the stock market have gradually become two sides of the same coin.
He Yi said that from the time when Bitcoin was called a "Ponzi scheme" by countless people and was criticized by the mainstream media, to the approval of Bitcoin and Ethereum ETFs, this is undoubtedly a remarkable victory. At the same time, we can see that traditional finance has steadily expanded the scale of cryptocurrency-related product transactions, such as the trading volume of CME and ETFs.
