The current macro level and the three main recent narratives
1/macro
Powell currently maintains a high benchmark interest rate at 5.25-5.5% to support Yellen's issuance of high-interest U.S. Treasury bonds, aiming to attract the return of foreign dollars. Once market liquidity reaches the target, interest rates are expected to gradually decrease. In this way, the SEC may relax restrictions on the $BTC spot #ETF, allowing a large number of Wall Street funds to enter $BTC . It is predicted that the Federal Reserve will switch from raising interest rates to cutting interest rates from the end of 2023 to July 2024.
2/Three major recent narratives
a/Bitcoin Halving
There are still 7 months left before the halving, and the current consensus is the highest, even beyond the previous halving cycles. The halving of output is usually associated with a rise in prices, and reduced supply may lead to increased demand. However, due to the reflexive nature of the market, the correlation between Bitcoin halving and price increases does not necessarily occur as expected. The current $LTC halving is the best example.
Some coins with halving mechanisms to keep an eye on:
$BSV
$SEC
b/Bitcoin Spot ETF
If a Bitcoin spot ETF is approved, this may provide mainstream investors with an easier way to invest in Bitcoin, thereby increasing the liquidity and stability of the market. This will undoubtedly also have a positive impact on some Bitcoin mining companies. Similarly, other Bitcoin-related ETFs (such as the $ETH ETF application) are also worthy of attention.
Related opportunities to look out for:
#RIOT Riot Blockchain: Bitcoin Mining Company
#MARA Marathon Patent Group: Bitcoin Mining Company
#BITWBitwise 10 Crypto Index Fund
c/Ethereum Cancun Upgrade
The performance and security of Ethereum will be further optimized, which may attract more developers and projects. The current time is undecided. In addition to Ethereum itself, investors can consider investing in tokens established on the Ethereum platform, such as ERC-20 or ERC-721 token
Some related coins to keep an eye on:
$LINK improves query and response speed and effectively reduces transaction costs.
$UNI reduces transaction costs and has advantages in user volume
$MKR borrowing costs are reduced and DAI transactions are smoother
$COMP improves the lending experience
3/Others
In addition, with the development of artificial intelligence, AI combined with blockchain will also have many new narratives, and opportunities at the intersection of industries are more worthy of exploration.
