Today, the price of Bitcoin has surged significantly due to the following reasons:
1. Improvement in international trade situation: Recently, the trade between China and the United States has shown a positive trend, with the U.S. actively seeking to restart negotiations. The market anticipates that both sides are likely to reach a reconciliation, greatly enhancing investors' risk appetite.
At the same time, the conclusion of the UK-U.S. trade agreement has injected vitality into the global economy, prompting funds to flow into risk assets like Bitcoin.
2. Policy promotion in multiple U.S. states: Several states, including Oklahoma, Texas, and Pennsylvania, are actively advancing Bitcoin strategic reserve bills, planning to include Bitcoin in pension and state reserve assets to hedge against inflation and economic fluctuations.
The positive attitude from officials has attracted more investors into the Bitcoin market, increasing market demand.
3. Impact of monetary policy: After China announced interest rate cuts, market liquidity has increased, with some funds flowing into the Bitcoin market in search of new investment channels.
Moreover, the interest rate cuts have lowered expected returns in traditional financial markets, making Bitcoin's potential high returns more attractive by comparison.
4. Significant investments by listed companies: The listed company Thumzup has applied for $500 million in financing to purchase more Bitcoin, sending a strong signal to the market regarding its confidence in Bitcoin's value.
This large influx of funds not only increases purchasing demand but also encourages other investors to follow suit, driving up the price of Bitcoin.