Apologized to the second brother on my knees! ETH breaks 4000 USD, is the Altcoin season about to arrive?!
"Non-farm payroll data is favorable for the Federal Reserve to continue cutting interest rates in December?! The rise of cryptocurrency can continue into the new year."
1. Since Trump won the presidential election, the price of Bitcoin has risen over 40%. The market interprets this as Trump possibly supporting the establishment of a Bitcoin government reserve.
2. Data shows that the US spot Bitcoin ETF has held 1,104,534 Bitcoins in less than a year, exceeding the holdings of Bitcoin's creator, Satoshi Nakamoto, making it the largest physical holder of Bitcoin in the world.
Bitcoin Holdings Ranking
1. Spot Bitcoin ETF: 1,104,534 coins
2. Satoshi Nakamoto: 1,100,000 coins
3. Binance: 633,103 coins
4. MicroStrategy: 402,100 coins
5. US Government: 198,109 coins
6. Chinese Government: 194,000 coins
3. Although Bitcoin's price has once again broken the 100,000 USD mark, market disputes remain.
Former New York Federal Reserve Chairman Bill Dudley clearly opposed the establishment of a Bitcoin government reserve, arguing that it would not create value for the government but rather increase inflation and debt costs. He suggested that if the goal is to support the crypto industry, it should be promoted through完善法律法規 to facilitate its safe development, rather than letting the Treasury and the Federal Reserve bear the risks.
4. Views on Bitcoin
As a representative of decentralized assets, Bitcoin demonstrates unprecedented market appeal. The successful issuance of ETFs and global recognition continue to increase its value. However, as a highly volatile asset, Bitcoin still faces dual challenges in terms of policy and market.
🔸Opportunities: Bitcoin is gradually becoming an important allocation in capital markets, especially with the successful promotion of ETFs, enhancing its market maturity.
🔸Challenges: Uncertainties in policy and regulations, along with price volatility, remain major obstacles to Bitcoin's future development.
In the future, as policies and markets further intertwine, Bitcoin may usher in more breakthroughs while facing more scrutiny. This global game regarding Bitcoin has just begun.