“Change is inevitable and adapting to change is the key to success.
——Redd Leo, founder of Bridgewater Associates (Principles)”
As I have stated in all of my posts last week and this week, I have great expectations for Bitcoin’s prospects and its current performance is indeed consistent with those expectations.
For example:
(Bitcoin's strength, hitting $70,000!)
(The US election is imminent, and political risks are increasing: Bitcoin is resisting the impact and ushering in a breakthrough moment?")
(BlackRock Bitcoin spot ETF continues to increase holdings, the next round of surge is coming?)
(Election betting heats up, markets diverge: explosive moves are happening!)
In the early morning, Bitcoin broke through the $70,000 mark for the first time since June 10, and the current price of Bitcoin is $71,202.
Since October 25, Bitcoin spot ETFs have continued to see net inflows. BlackRock, the world's largest fund management company, continues to purchase at the highest level - this trend fully reflects the continued attention and confidence of professional investment institutions and funds in Bitcoin.
Record open interest, on October 29, Bitcoin holdings hit an all-time high of $41 billion.
I expect that the price trend of Bitcoin will continue to be more up than down: trading sentiment remains stable, and investors' risk aversion towards Bitcoin continues to rise, further enhancing its attractiveness in the crypto market.
The reason is very simple: first, the uncertainty of the global political environment is increasing investors' demand for Bitcoin as a safe-haven asset; second, in the US election, Trump's chances of winning are ahead of Harris, and this situation is also stimulating investors' optimism about Bitcoin.
What do you think about the questions raised in the previous article?
Note: All content represents the author's personal views only, is not investment advice, and should not be construed in any way as tax, accounting, legal, business, financial or regulatory advice. Before making any investment decision, you should seek independent legal and financial advice, including advice on tax consequences.
