Today will become one of the most important days in the history of the cryptocurrency world!
Today is destined to be an iconic moment, not only because Circle (CRCL.US) is about to be listed on the New York Stock Exchange, but also because it represents the first deep integration of 'regular' stablecoins with traditional financial markets.
1. I wrote on May 30 that Circle's stock will be the hottest stock globally in the second half of the year, without a doubt. In these five days, everyone will definitely see related news every day, and the issuance quantity and price are being adjusted upwards daily! It officially goes public tonight!
2. In terms of the impact on the cryptocurrency market and prices, the influence of this event is comparable to the Coinbase listing on the US stock market in April 2021, which saw the cryptocurrency market break its historical high six months later. This is the first shot of the cryptocurrency market's explosive bull run in the second half of the year!
3. However, it is also not to be viewed with a static mindset, like looking at the Coinbase listing after the cryptocurrency market experienced deep fluctuations before reaching new highs. The background at that time was: the U.S. did not support the cryptocurrency market, and Coinbase managed to go public despite numerous obstacles; at the same time, Musk's promotion of Dogecoin created an animal coin craze, draining all coins, leading to the exhaustion of positive news + the distorted development of the market directly causing a bubble burst and crash!
The current background is: Wall Street and the Trump family are deeply involved in the cryptocurrency market; currently, U.S. government officials are courting Trump’s blockchain strategy, with states discussing strategic reserves, and various lawmakers talking grandly about America's cryptocurrency strategy. There are still stablecoin bills, interest rate cuts, and expansion of the balance sheet as major positive developments; the good news is not fully released yet.
4. The Circle listing will further promote the development of the U.S. stablecoin market, while accelerating the acceptance of stablecoins among traditional financial users, especially institutional users. This is a healthy long-term benefit for the cryptocurrency market.
5. I am bullish on the cryptocurrency market in the second half of the year (Attached: my interpretation of the ETH static mindset chart).
I prefer to use dynamic variables and deep industry understanding to predict the market, rather than a static mindset.
If I have to do it this way, my monthly candlestick reference is: Musk in April 2021 corresponds to Trump in January 2025.
