Recently in the cryptocurrency circle, there is too much information...
The more important ones include: #川普家族 #MtGox钱包动态 #ETH巨鲸清算
1. Trump tweeted to announce that cryptocurrencies including sol, ada, eth, xrp, and btc will be national strategic reserves.
2. Sign Bitcoin as a national strategic reserve.
3. Hold a White House cryptocurrency summit.
That's all.
Then the market fluctuates back and forth, finally returning to the starting point.
At the White House summit on March 7th, a bunch of announcements considered significantly beneficial were actually just industry meetups, aimed at telling industry leaders: I am a person who keeps promises.
As Charles said: such meetings are more about form than substance; whether I am invited is not important, major decisions will not emerge, focusing on the project itself is the key.
After the meeting, the effects were not as expected, and the market declined.
In the capital market, what is speculated is expectation. Often, bad news can be good news, and good news can be bad news.
Take the college entrance examination as an example; the market expectation for the whole village is 'Tsinghua or Peking University', but the result is 'Zhejiang University'. For the whole village, this information is bad news, even though Zhejiang University is also quite impressive.
Similarly, if Trump's expectations are too high and the policies do not meet market expectations, it will also become bad news, even if the overall industry is doing well.
In this round of narrative 'national strategic reserve', from the meeting on March 7th, this information has been digested, and the next step is to see what the Federal Reserve and regulators do.
Will it rise or fall today? Should I buy or sell? I Don't Know, DYOR..... This information affects speculative funds, but in the long term, just holding on is enough.
