$USDC Bitcoin surged to $101,000! What should we do now? Let's chat a bit
Brothers! Bitcoin has recently shot up to $101,000 (that's right, six figures!), and many people are probably both excited and anxious. Let's briefly discuss what's going on and what we ordinary people should do👇
Why did it suddenly skyrocket?
1️⃣ Big institutions are going on a buying spree: Several Bitcoin ETFs in the U.S. (like ARKB, FBTC) are daily attracting capital, and institutional big shots are really willing to buy. The total holdings are now over $110 billion!
2️⃣ Bank interest rates are too low: The Federal Reserve refuses to lower interest rates, keeping money in the bank is not as good as investing in Bitcoin, after all, it's a bet that it can withstand inflation.
3️⃣ International situation is chaotic: India and Pakistan have been making noise recently, and some people find gold not stimulating enough, turning to buy Bitcoin to avoid the storm.