Bitcoin is not printed; it is the 'new gold' chosen by the world through monetary votes! $110,000? This is just the ticket price for institutions that have just entered the door!
Brothers, BTC has really surged to $110,000! It's like a group of Wall Street big shots suddenly rushing into our crypto market and directly pushing the price of the hardest assets sky-high. Why is it so fierce? Three major driving forces:
Institutions are seriously investing: Since giants like BlackRock and Fidelity started Bitcoin ETFs, big money has been pouring in, with a whopping $3.6 billion invested in just the first half of this year! Even Texas plans to use 5% of its budget surplus to buy Bitcoin, which is akin to giving BTC a 'national reserve' ID!
Regulatory clarity gives a green light: In the U.S. and Europe, regulators are starting to establish rules and issue licenses for the crypto market. With clear regulations, institutions are now willing to play confidently. JPMorgan is even saying: Bitcoin is stealing gold's lunch!
The timing is right: Historical experience shows that Bitcoin often 'gives red envelopes' in July, coupled with the possibility of the Federal Reserve lowering interest rates and reduced inflation pressure, many professional models predict it could surge to $116,000 this month, and see $150,000 by the end of the year!
Risks cannot be ignored! Here are pitfalls I have personally encountered:
Miners might 'turn against': In April, miners sold 15% more than they mined! It’s like early large holders with low-cost hoarding starting to cash out. If the price stops rising, they might dump it. I suffered this loss back in 2020.
Leverage is a 'suicide rope': Yesterday alone, $670 million was liquidated! All were with 5-10x leverage. It’s like borrowing money to trade crypto; if the price shakes a little, the principal can instantly drop to zero! Newbies must avoid this.
Regulatory 'black swans' are still flying: Although the U.S. and Europe have relaxed, major countries like China and India have not eased up yet. If the U.S. changes its stance after the elections, the market will definitely tremble.
Opportunities are fleeting, a correction is imminent, accumulate spot positions, and the altcoins' profits are waiting for you! Doubling is not a dream; tap my profile and follow me to join the bull market feast!