Bitcoin ETF Trillions in Transactions! Wall Street's Carnival and Concerns
One trillion dollars! In just 9 weeks since the launch of Bitcoin ETFs in the United States, the cumulative transaction volume has astonishingly shattered this astronomical figure, with a financial giant built from ten thousand 'small goals' rising from the ground. This is no ordinary market ripple; it is a frenzied buying spree initiated by Wall Street capital through ETFs targeting digital gold!
Think about it, what does a trillion mean?
It is almost equivalent to the entire fortune of tech giants like Tesla or Nvidia! Even more astonishing is that traditional gold ETFs took a full two years to barely touch this threshold, while Bitcoin ETFs achieved it effortlessly in just over two months. The entry of financial giants like BlackRock and Fidelity instantly ignited a tidal wave of capital, causing Bitcoin prices to soar and repeatedly refresh historical highs.
Market sentiment feels like it's been injected with adrenaline, with the greed index shooting up to the 'extreme greed' zone, as if declaring to the world: we are standing at the center of an unprecedented crypto frenzy!
But behind the carnival, there's blood on the blade! Bitcoin's heart-stopping volatility has never disappeared; after soaring, it could face a cliff-like crash at any moment. The sword of Damocles in the form of regulation always hangs high; any slight change in policy could abruptly halt the festive feast. Beneath the halo of a trillion in transaction volume, countless investors are dancing on the edge of a knife.
This trillion-dollar storm initiated by Bitcoin ETFs has transcended a mere market phenomenon, becoming the most glaring signal flare of Wall Street embracing the crypto era.
Whether it ultimately becomes an epic wealth myth or devolves into an excessive speculation bubble, it is destined to be written in bold strokes in the annals of financial history, and all of us have become witnesses and participants in this chapter of history.
Follow me to see through the phenomenon to the essence, and let's traverse the bull and bear markets together.
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