Today is indeed worthy of celebration. One of the three major benefits of the bull market in 2024, the BTC ETF has finally been officially approved. It has been calling for it since the last bull market in 2021, and it has finally been passed.

A few days ago, in the BAC small group, everyone was still discussing whether they would be deceived by the SEC again. I am relatively certain that it will not be the case. The K-line price has reflected it. As long as there is a transaction, just look at the K-line. Say no, but your body It's very honest.

The adoption of ETF marks the official entry into the bull market, so should we hedge now? On the contrary, I think that the money earned in the early stage should be put into the pocket first. The so-called traditional old money will push up the price of BTC. It seems very logical, but there are two bugs: 1. Buying crypto before ETF The threshold is not high, as long as you want to buy it, you can buy it in various ways; 2. If old money comes in, you must have a suitable cost for building a position.

Of course, in the long run, the current cost of BTC47,000 is still a good price. We will see how high this bull market can go in the future. In addition to the remaining two strategic benefits "BTC halving and US water release", it is whether new things can really take off. come out:

1. New categories of assets and concepts: Inscription + BTC Ecology + Depin;

2. Whether applications such as chain games can be the first stop for WEB2 users to enter the circle;

3. Whether RWA can connect WEB2 to WEB3 more smoothly than before;

Finally, I wish all melon friends who have gone through the 2022-23 bull market together to strengthen their confidence and persistence will always pay off!