Why does the bull market continue, and the cryptocurrency industry still has a long way to go?

After the US Bitcoin spot ETF was approved in January, Hong Kong has also launched spot Bitcoin ETF transactions.

These major events in the cryptocurrency field that we pay more attention to and know about,

Let's not mention them.

In addition, I will talk about two small things that happened in distant countries that most people don't know.

First, Australia is likely to approve the listing of Bitcoin spot ETF this year.

Second, the Swiss people are petitioning to include Bitcoin in the reserve currency. These two things seem to be a big deal, but they are not a big deal. Ah, the impact on the price of Bitcoin is also very limited.

For example, although the people of Australia have high wages, they never save money and are not that interested in investment, so even if the Bitcoin ETF is launched, there will not be too much capital inflow.

As for Switzerland, at present, it is only at the stage of people's petition. They must first collect 100,000 signatures from Swiss citizens before they can hold a referendum on the matter. After the referendum is passed, Bitcoin may be included in the reserves of their central bank.

At present, there is not even a shadow, so these two things are not big, but

They actually bring a trend, that is, the influence of Bitcoin is increasing, just as Tesla started to buy Bitcoin a few years ago, and Meitu, a listed company in Hong Kong, started to buy Bitcoin. Bitcoin is affecting more and more people.

10 years ago, Silk Road and other black industries used Bitcoin, and 5 years ago, private companies such as Tesla began to accept Bitcoin. Now it is official agencies of various countries, government agencies, etc., etc., including our Hong Kong, China, which has begun to accept Bitcoin.

However, the current adoption rate of Bitcoin, the global adoption rate, is still only 0.1% to 0. .5%, 195 countries in the world allow trading of gold, while the number of countries that allow trading of Bitcoin is still less than 15. In the asset allocation of a large asset management company, gold accounts for about 5% to 10%, but Bitcoin does not even have 5‰. Currently, almost all countries have strategic gold reserves, but only El Salvador has Bitcoin reserves, so Bitcoin still has a long way to go, #ETH #BTC #pepe #bome #sol

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