Gold hits a new all-time high at 2730
The three major U.S. stock indexes are also approaching historical highs again
BTC is only 3,000 points away from its all-time high and is climbing to break 7
Reason 1: Digesting the US debt. The current rapid growth of US debt and high interest rates are unsustainable. The solution cannot be national bankruptcy. There is only one way, which is to drastically cut interest rates, increase the speed of printing money, and dilute the debt. Where can so much money be put?
Reason 2: Gold, US stocks, and Bitcoin can effectively hedge against the depreciation of paper money. The US election is approaching, and data shows that Trump has a high chance of winning. After the election, the US stock market, bond market, and monetary policy may face greater uncertainty. The US now has a debt of more than 35 trillion US dollars. The depreciation and inflation caused by printing money and flooding the market force various financial institutions to buy safe-haven assets. #BTC要挑战7W大关了吗？ #加密大队长 $BTC