What do you think about the impact of Hong Kong ETF on the cryptocurrency circle?

Hong Kong ETF has finally been approved, and this news has caused quite a stir in the cryptocurrency circle. Opinions vary on its impact. Some people believe that this will attract a large amount of institutional funds to enter the market, which is beneficial to the cryptocurrency circle; while others hold opposing views, believing that the current low currency price may not change the status quo after the ETF is approved.

In my opinion, it takes a certain amount of time for any policy to be introduced and produce actual effects. This is like Chinese medicine treatment, which often requires a course of treatment to cure the disease. Therefore, I am not particularly concerned about the monetary policy of the Federal Reserve or the compliance issues of the mainland, because they have limited direct impact on the market in the short term. The implementation of policies and market feedback also take time.

So, how big is the impact of the approval of Hong Kong ETF? I think this is just the beginning. Although the Hong Kong market has a certain position in the cryptocurrency circle, its capital volume, number of retail investors, etc. are still somewhat different from other major markets. Whether it can trigger a crazy rise in the market remains to be seen. You can refer to the situation of domestic public chains going public in Hong Kong last year. It is also hype, but the market reactions in different places are very different.

Investing is a process of finding opportunities in details and grasping trends in the macro. Before investing, we need to carefully study the details of the project, but after investing, we should pay more attention to changes in the macro environment. The macro here includes politics, economy, policies and other aspects. As for small-scale events such as the arrest of currency circle bosses and exchange plug-ins, in the long run, they will not have a decisive impact on the overall situation.

Time will give us the answer. This year, many people in the circle have become impatient and look forward to the drastic fluctuations in the market. But it is this mentality that is often used by large institutions and becomes a good time for them to cut leeks. Therefore, I suggest that everyone stay calm and don't fall before dawn. Hold on and wait patiently for the market to turn around.

#etf #比特币减半 #大盘走势 #sui #Meme