Policy Boost: The U.S. is Really Going Big This Time!
Recently, Bitcoin has soared, and policy factors have played a crucial role. Especially the shift in U.S. policy towards Bitcoin has sent the market into a frenzy:
• The emergence of spot Bitcoin ETFs: At the beginning of this year, the U.S. Securities and Exchange Commission (SEC) approved the first batch of spot Bitcoin ETFs, marking the official entry of mainstream capital. In just a few months, over $40 billion has flowed into the ETFs, driving Bitcoin's continuous surge.
• The GENIUS stablecoin bill is enacted: In May, the U.S. Senate passed the GENIUS stablecoin regulatory bill, officially setting rules for the stablecoin industry. This policy has gained more institutional investor recognition for Bitcoin and other cryptocurrencies.
• Institutions rush to enter the market: Major Wall Street firms like JPMorgan and Fidelity, which were once very cautious about Bitcoin, have now reversed their stance and stated they will offer Bitcoin investment services to clients. MicroStrategy has been aggressively "stockpiling coins," with holdings surpassing $5 billion.
Don't think that Bitcoin's popularity only affects overseas markets; the A-share market is also hard to remain unaffected. The explosive growth of Bitcoin has sparked a frenzy in blockchain concept stocks, with companies like Jincai Huilian and Yuyin Co. seeing their stocks hit the limit. Moreover, as Bitcoin and other crypto assets gradually become mainstream investment options, the concept of digital RMB is gaining traction again, leading to active capital deployment in related companies.
This resurgence of global risk appetite for capital has also brought more attention and market enthusiasm to growth stocks and technology stocks in the A-share market.
