The driving force behind this round of Bitcoin's rise is not simply due to CPI data, but rather to the fact that 600 large traditional financial institutions have recently disclosed their Bitcoin holdings. This is an unprecedented recognition by mainstream capital. I have mentioned many times that some ETF institutions such as BlackRock represent the United States and even the world's mainstream capital.
1. This is just the beginning. In a very early article, I wrote that if Buffett chooses Bitcoin one day, you should not be surprised, because it is completely in line with the interests of the United States. Although JPMorgan Chase hates Bitcoin very much, it does not prevent JPMorgan Chase from holding Bitcoin for profit.
2. With more and more mainstream capital blessing, there will be announcements that some traditional Internet companies such as Apple, Google, Microsoft and some traditional listed companies are involved in cryptocurrency.
3. Times are changing. We cannot look at cryptocurrency from the previous perspective. We have also mentioned that we should not panic about regulation and legislation. Cryptocurrency has been in a "dream market" for many years, even now. The dream market has a very obvious characteristic, that is, most people think that the market is a scam, and most cryptocurrency holders in the past and now also think that this is a "dream market."
Reasonable regulation and legislation can promote the maturity of blockchain or cryptocurrency. Regulation and legislation can certainly puncture the "dream market", but it will not hinder the continuous progress of cryptocurrency with blockchain technology. It can change the world, at least it can change the traditional financial system.
5. Whether BlackRock promotes RWA, State Street uses blockchain for bookkeeping experimentally, Morgan secretly engages in blockchain, or governments increase their efforts to cultivate blockchain talents, they are all proving to us that the era of blockchain has just begun. Regulation and legislation also mean the beginning of the end of the dream market. In the future, we will only see fewer and fewer scams.
6. Although it is difficult for most people to believe, legal and compliant search for anchor value is the only way for blockchain and cryptocurrency.
