$BTC
Is US assets no longer attractive?
Bitcoin skyrocketed overnight, breaking 110,000 and hitting a new high!
Bitcoin surged this Thursday, surpassing 110,000, setting a new historical record! This has captured the attention of investors, some are excitedly celebrating their substantial gains, while others regret not entering the market earlier.
The reasons behind this surge in Bitcoin are not simple. Reuters analysis points out that the fiscal situation in the US is concerning, with mediocre performance in Treasury auctions, coupled with Trump's push for Congress to pass comprehensive spending and tax reduction bills, resulting in a drop in the dollar. In this context, investors began to panic, actively seeking alternatives to US assets, and Bitcoin became their sought-after choice. After all, in asset allocation, everyone thinks about diversifying risks and not putting all their eggs in one basket. Now that uncertainty around US assets has increased, this emerging asset, Bitcoin, naturally gained more attention.
At the same time, this also signals that there is still room for growth in the cryptocurrency bull market. The stock market is generally recovering, and confidence in the economic outlook has strengthened, which has also transmitted this optimistic sentiment to the cryptocurrency market. A large amount of capital has been re-invested into Bitcoin ETFs, indicating that institutional investors are optimistic about Bitcoin's future trends. Additionally, the number of publicly traded companies holding Bitcoin is constantly increasing, with companies like MicroStrategy continuously increasing their Bitcoin holdings, which has also supported Bitcoin's price to some extent.
However, Bitcoin's price is highly volatile; investing in it is like riding a roller coaster, and the risks are significant. Previously, Bitcoin has experienced sharp declines due to various factors, so everyone must be extremely cautious when investing; never let your emotions lead you to invest impulsively.
