Seeing a bunch of big Vs who don’t even know what Bitcoin is or where to buy it, shaking their heads and intercepting information from the Internet, seemingly analyzing it very well, my brain was shocked... Those who believed in them basically missed this round of opportunity.
Bitcoin has already broken through 100,000 US dollars, and you are still asking this question, this impact, that impact, what does it have to do with you?
What you need to think about is how to seize this opportunity and make good money. Other than that, don't worry about anything else.
Of course, as someone who has been in the cryptocurrency industry for 9 years, I have become numb to this kind of problem.
So, why is Bitcoin rising?
The most direct reason is that more and more people are buying Bitcoin, and the funds are increasing.
As a veteran in the cryptocurrency world for 9 years, I have always believed that Bitcoin will become digital gold. As for why, there is limited space to discuss for now.
Let's talk in detail about why Bitcoin is rising and will continue to rise.
Trump's election as president, he has always supported Bitcoin, previously claiming to treat Bitcoin as a national reserve asset. How could it not rise?
1. Political factors: Trump successfully elected as U.S. president
Trump successfully campaigned for U.S. president, previously supporting Bitcoin and even giving a speech at a Bitcoin conference, claiming to treat Bitcoin as a national strategic reserve.
Looking back, here are the ten new cryptocurrency policies promised by Trump:
1. Make the U.S. the world capital of cryptocurrency;
2. Dismiss SEC Chairman Gensler;
3. Establish a strategic Bitcoin reserve;
4. Prevent the U.S. from selling its held Bitcoin;
5. Prevent the U.S. government from further developing CBDC;
6. Propose a comprehensive cryptocurrency policy;
7. Stop the attack on cryptocurrency within an hour of taking office;
8. Terminate the illegal suppression of the cryptocurrency industry in the U.S.;
9. Suggest using cryptocurrency to solve the U.S. debt issue;
10. Reduce the sentence of Silk Road founder Ross Ulbricht.
After the success of this election, there is widespread belief in the market that cryptocurrency will usher in spring.
2. Market factors: Musk joining
As the Dogecoin lord, Musk has played an immeasurable role in this U.S. election.
On September 5, Trump publicly stated that if he wins the election, he will adopt Musk's suggestion to officially establish the 'Department of Government Efficiency' (DOGE) led by Musk. This committee will be responsible for a comprehensive financial and performance audit of the entire federal government.
Isn't it amazing? That's right, the abbreviation of this committee is also DOGE.
3. Market factors: The Federal Reserve cuts interest rates.
On November 7, the Federal Reserve announced a 25 basis point interest rate cut.
In September, the Federal Reserve cut interest rates, aligning with the Democrats. After Harris's failure, they announced the rate cut, making a dignified exit.
4. News promotion: newcomers entering...
Seeing major media outlets reporting on Bitcoin; streets and alleys are discussing Bitcoin, countless newcomers, regardless of whether they understand it or not, want to come in and get a share.
With so many newcomers flooding into the cryptocurrency space, how could it not skyrocket?
Of course, personally, while I hope everyone comes in to take my position, I still feel this is not good.
Therefore, I do not recommend anyone to enter the cryptocurrency space; there are too many scammers here.
Entering now, you won't earn a dime.
Recently, I plan to ambush a potential coin that is preparing to explode; doubling is very simple, and I also plan to find some potential coins to hold until the end of the year, expecting a tenfold increase is not a problem. Join in to reap the benefits.
