Currently, many people are pessimistic mainly because their expectations for altcoins are too high, and recently the performance of altcoins has been unsatisfactory.
In fact, the formation of each wave of major upward trends requires a certain cycle.
The first wave of large-scale price increases from 30,000 to over 60,000 mainly benefited from the listing of Bitcoin spot ETFs.
The second wave of doubling from over 50,000 to just above 100,000 was mainly due to the FOMO market created by Trump's victory in the election.
So what is the news that could trigger the third wave of Bitcoin's rise?
The biggest expectation is that Bitcoin will become a strategic reserve for the United States, which would cause the price of Bitcoin to trigger a rapid rise in the third wave. Whether it’s BlackRock or MicroStrategy, why do they continue to buy regardless of cost? Because in their eyes, Bitcoin at 100,000 is just the beginning, and some consensus within certain interest groups is beyond the reach of ordinary people, but we only need to understand from their actions that the market may have just begun.
After the price of gold reached its peak in 1980, it maintained a trend of fluctuating downward for more than 20 years, with little activity and price fluctuations. After BlackRock listed the gold spot ETF in 2003, the price of gold has risen nearly 10 times by this year, increasing over 20 years. This is the power of American influence.
Back to the crypto space, the United States' exploration of cryptocurrencies has only just begun, and the market still has a long way to go.
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