Bitcoin has surged to $101,000! What should we do now? Let's chat a bit

Brothers! Bitcoin recently shot up to $101,000 (that's right, six figures!), and I'm sure many people are both excited and anxious. Let's briefly talk about what's going on and what we ordinary people should do👇

Why the sudden spike?

1️⃣ Big institutions are buying like crazy: A few Bitcoin ETFs in the US (like ARKB, FBTC) are raking in money every day, and the institutional bigwigs are really willing to buy. The total holdings have now exceeded $110 billion!

2️⃣ Bank interest rates are too low: The Federal Reserve refuses to cut rates, and keeping money in the bank is not as good as investing in Bitcoin, anyway, it's a bet on its ability to withstand inflation.

3️⃣ International situation is chaotic: India and Pakistan have been in turmoil recently, and some people feel that gold is not exciting enough, so they turn to buy Bitcoin to avoid the storm.