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🔹Reviews of Cognitive Society
On May 15, Bitcoin surged to 64,500 as the CPI was positive.
Many people don’t understand why the US CPI data has such a direct and strong impact on the Bitcoin and crypto industries?
There are two ways to control Bitcoin:
First: Control the pricing power of Bitcoin;
Second: Control the computing power of Bitcoin;
It is clear that the United States controls the pricing power of Bitcoin through the Bitcoin spot ETF.
Therefore, the positive and negative factors in the United States have a direct and decisive impact on Bitcoin, so the Japanese exchange rate and the British monetary policy have little impact on Bitcoin.