To be honest, the fact that $BTC can reach $119,000 this time, I think Trump and Liangxi™ contributed the most. These two crazy people, one inside the pig and one outside, stirred things up like crazy!
It’s not impossible for Trump to turn against Bitcoin and criticize it one day after making enough money, and if Liangxi goes bankrupt and deletes his account one day, there will still be someone ready to take over, believe it or not.
Let’s first talk about Wang Dong here. In order to campaign, he crazily rides the wave of crypto hype, saying, "Biden is suppressing cryptocurrency, once I’m in power, you can play freely," and even hints that he might hold some coins himself, making Wall Street institutions think that policies are really going to loosen up, so they hurriedly put in money to bet, after all, during his presidency, Bitcoin rose from over a thousand to twenty thousand, the old investors remember this mysticism. Plus, he’s always starting trade wars and criticizing the Federal Reserve, when the international situation gets chaotic, many people treat Bitcoin as a safe-haven asset, hedging risks like gold, and the price naturally goes up. On top of that, issuing coins and cutting leeks, issuing $WIFI, $USD1, binding various coins, $B, etc., holding banquets and hosting feasts! Really™ not idling, constantly issuing coins, constantly enjoying, and constantly cutting leeks to profit!
Now talking about Liangxi, this guy is simply a wild spokesperson for the crypto world, every day on Weibo and Twitter shouting "Fully invested 🈳", "Gamble to get rich," even though he’s criticized as a gambler, he can’t be stopped because he dares to show his profits and can really lead the trend. Especially before this wave of increases, he was crazily calling out, attracting a lot of new investors to follow suit, directly heating up the market. What’s even more mystical is his rags-to-riches persona; the script of losing everything and then bouncing back fits the myth of getting rich in the crypto world too well, many people see him as a "crypto koi", even those who don’t believe in technical analysis can’t help but want to ride on his luck. How many people are following this madman! They’ve lost their pants! With a few hundred million in capital doing 🈳, if it doesn’t explode, it’s your fault! These two are igniting the market from the top down, one is manipulating policy expectations in the halls of power, and the other is stirring retail sentiment in the streets. Bitcoin gone crazy indeed!
Coupled with the expectations of the Federal Reserve lowering interest rates and the inflow of ETF funds, it’s hard for Bitcoin not to soar. But speaking of which, it’s not impossible for Trump to turn against Bitcoin one day, and if Liangxi goes bankrupt and deletes his account, there will still be someone ready to take over; in the crypto world, it’s lively, but the real money still has to be weighed and played with by oneself.
Image from loveevertrader
