Political bigwigs are pouring money into crypto, can $200 million 'buy' a Bitcoin bull market? If retail investors don't follow soon, it will be too late!
Long warns: Check my article on August 6 for the latest crypto news. The CEO of Bitcoin Magazine is planning a $200 million 'political lobbying fund' to promote a friendlier U.S. government stance towards Bitcoin, even stating a target price of $10 million. To put it simply, this aims to transform Bitcoin from a 'wild child' to a 'favored child', directly influencing policies, taxes, and even national adoption.
Impact on the market
In the short term, it might be 'loud thunder but little rain': the news is fierce, but BTC's price has been stagnant recently, indicating that big funds haven't moved yet. It's like saying 'money will be distributed tomorrow', but the market won't surge immediately until the money arrives.
In the long run, it could be a super positive: if it can truly drive policy, then Bitcoin will upgrade from a 'speculative asset' to a 'national asset', and $10 million is indeed not an exaggeration.
New tricks in the crypto circle: Politics = Wealth Code: In the past, trading coins relied on technology, but now it also depends on whether U.S. lawmakers support it. For example, a fund previously spent $130 million supporting pro-crypto politicians, resulting in a significant surge in related concept coins. This time, $200 million is even more powerful, potentially leading to a 'policy bull market'.
Long's personal opinion:
Don't get too excited and go all in: such news can easily cause FOMO, but policy implementation takes time, and there may be repeated fluctuations in between. For example, after the 2021 U.S. infrastructure bill raised taxes, BTC plummeted by 20%.
The ones who truly make big money are those who 'squat in advance': for example, those who hoarded coins at low prices before the ETF news have already doubled their investments. This political lobbying is similar; by the time everyone is buzzing about it, it might already be too late.
What should we do now? Three simple steps.
In the short term, don't chase the highs; wait for BTC to dip below $110,000 before buying in batches.
Long-term stability, policy dividends are coming, those who hold on are the winners.
Pay attention to 'political concept coins', such as decentralized voting and on-chain governance projects, which may be boosted.
Long has also discovered a short-term project with huge doubling potential! If you want to keep up, click on the profile and follow me for free sharing!
