See original
一木-玩合约
--
Bitcoin has peaked! The Federal Reserve's major statement completely ends a big illusion
$BTC
$ETH
Since Trump's election, one of the brightest performing assets globally has been Bitcoin, and another is Tesla. The logic and trends of both are very consistent.
During this period, Bitcoin's price once surged by 40%, breaking the $100,000 mark.
This is because Trump clearly supports Bitcoin and claims to make Bitcoin a national reserve. I previously wrote an article arguing that this is unfeasible and agree with Bloomberg's assessment that it is a scam.
Recently, Federal Reserve Chairman Powell's speech directly pierced the bubble. Last time, Powell mentioned in a hearing that the dollar and Bitcoin are not in competition, gold is, which left many people with illusions. Many thought the Federal Reserve would support Bitcoin; at least from this statement, it seems they would not oppose it.
$ETH
Since Trump's election, one of the brightest performing assets globally has been Bitcoin, and another is Tesla. The logic and trends of both are very consistent.
During this period, Bitcoin's price once surged by 40%, breaking the $100,000 mark.
This is because Trump clearly supports Bitcoin and claims to make Bitcoin a national reserve. I previously wrote an article arguing that this is unfeasible and agree with Bloomberg's assessment that it is a scam.
Recently, Federal Reserve Chairman Powell's speech directly pierced the bubble. Last time, Powell mentioned in a hearing that the dollar and Bitcoin are not in competition, gold is, which left many people with illusions. Many thought the Federal Reserve would support Bitcoin; at least from this statement, it seems they would not oppose it.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
0
Replies 0