Financial markets are printing money
And retail investors exchange real money for these newly printed money
Bitcoin is now an important subject of money printing
After gold miner Nilam Resources announced that it was buying 24,800 BTC, shares of Nilam Resources surged to a new all-time high following the announcement, an increase of approximately 1,700% from the previous week’s valuation. The current market value is approximately US$280 million, and the company’s CEO announced his resignation a day later.
The current value of 24,800 BTC is close to 2 billion U.S. dollars. The company may not be able to spend so much money to buy it, but it only takes one announcement to increase the stock price more than ten times. If there is no subsequent purchase, the company's stock price will definitely fall back. Stock traders will Lost everything
More companies will follow suit
Buy BTC and the stock price skyrockets – this is the current popular stock market narrative
