Recently, a large number of users in mainland China have received promotional ads for cryptocurrency funds on the Alipay homepage, with content stating 'Global investment, cryptocurrency soaring, starting from 10 yuan, get on board now.' Clicking on the ad reveals that the fund is Huabao Overseas Technology C (QDII-FOF-LOF), a compliant investment model for overseas assets, which invests in ETFs managed by ARK Invest, with the top holding being Coinbase stock and the second being the Ark Bitcoin spot ETF. Currently, there is a daily purchase limit of 1,000 yuan per person.
The promotional page indicates that cryptocurrency is a type of digital currency based on blockchain technology, with Bitcoin being the most famous cryptocurrency. However, there are currently thousands of different cryptocurrencies on the market, each with its own unique features and uses. The characteristics of cryptocurrencies include decentralization, high security, and anonymity. Historically, long-duration assets may perform better once a rate cut cycle officially begins. For example, companies focused on disruptive innovations such as cryptocurrencies, space exploration, and genetic breakthroughs tend to be sensitive to interest rates and may benefit during periods of declining rates.