I have always believed that Bitcoin will create more myths
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龚有柴GongYouchai
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Since Bitcoin was born in 2009, even in the face of market ups and downs, its value is not driven by traditional monetary policy or market positivity, but depends on its inherent halving mechanism. Historical data shows us that Bitcoin has demonstrated extraordinary resilience in a changing economic environment relying on its unique attributes. For example, during the Federal Reserve's interest rate hike cycle in 2017, Bitcoin did not fall. Instead, it rose against the trend and achieved significant value appreciation. During the bull markets of 2013 and 2017, the sharp rise in Bitcoin prices was not directly affected by monetary policy. Even during 2020-2021, although the United States did not adopt unlimited quantitative easing policy, Bitcoin still maintained a strong growth trend. However, last year’s bear market also revealed another side of Bitcoin. Against the background of the United States' implementation of loose monetary policies and sufficient market liquidity, Bitcoin also failed to escape the fate of falling. This further confirms the independence of the Bitcoin market and that its bull-bear transitions are not entirely driven by external factors. It is crucial for investors to understand these unique properties and market rules of Bitcoin. An in-depth analysis of the internal mechanism of Bitcoin can help investors stay calm in the face of market fluctuations and make more rational investment decisions. #BTC #BTC突破7万大关 #比特币披萨节
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