In 2023, approximately 122,000 high net worth individuals (HNWIs) are expected to move to new countries. The top 10 destinations are 🇦🇺 Australia: +5.2k people 🇦🇪 United Arab Emirates: +4.5 thousand people 🇸🇬 Singapore: +3.2 thousand people 🇺🇸 United States: +2.1k people 🇨🇭 Switzerland: +1.8k people 🇨🇦 Canada: +1.6k people 🇬🇷 Greece: +1.2k people 🇫🇷 France: +1.0 thousand people 🇵🇹 Portugal: +800 🇳🇿 New Zealand: +700 Data shows that the main reasons why these countries attract wealthy people are economic freedom, tax incentives and investment convenience. Meanwhile, countries with the largest exodus of high-net-worth individuals include 🇨🇳 China: -13,500 🇮🇳 India: -6.5 thousand people 🇬🇧 United Kingdom: -3.2 thousand people 🇷🇺 Russia: -3.0 thousand people 🇧🇷 Brazil: -1.2 thousand people 🇭🇰 Hong Kong: -1.0 thousand people 🇰🇷 South Korea: -800 🇲🇽 Mexico: -700 🇿🇦 South Africa: -500 🇯🇵 Japan: -300 In some of these countries, strict regulators and corrupt governments prevent high-net-worth individuals from easily managing their money, leading to wealthy emigration. Overall, millionaires are becoming more mobile. In the 10 years since the report was published, the number of high-net-worth individuals leaving their countries of origin has grown every year, although there has been a decline during the pandemic: 🔵 2013: 51,000 people 🔵 2014: 57 thousand people 🔵 2015: 64 thousand people 🔵 2016: 82 thousand people 🔵 2017: 95 thousand people 🔵 2018: 108 thousand people 🔵 2019: 110 thousand people 🔵 2020: 12 thousand people 🔵 2021: 25 thousand people 🔵 2022: 84 thousand people 🔵 2023: 122 thousand people
Data shows that for Bitcoin to catch up to the total size of the gold market (estimated at about $130 billion), it would need to reach a price of about $700,000. Currently, Bitcoin’s market capitalization is approximately $500 billion.
Data shows that in the third quarter of 2023, Web3 caused losses of US$889.26 million due to hacking attacks, fraud and Rugpull. DeFi projects suffered the most attacks, with 29 attacks, accounting for 67.4% of all incidents. ETH was the most attacked blockchain, with 16 incidents and $227 million in losses. Private key leaks cost $223 million in nine incidents.
The global economy showed unexpected resilience in the first half of 2023, although the outlook for economic growth remains weak, according to the OECD. Global economic growth is expected to decline in 2024 due to pronounced monetary policy and a slowdown in China's economic recovery. Core inflation persisted, driven by tightening in the services sector and the labor market. Risks are tilted to the downside, with the possibility of continued inflation and a slowdown in China's economy. The world economy is expected to grow by 3.0% in 2023, slowing to 2.7% in 2024. Despite China's slowing economic recovery, Asia will still make a significant contribution to global economic growth in 2023-24.
According to experts, BTC is likely to experience significant inflows from China in the coming months due to the weakening of the yuan and increasing capital flight from China. China's capital outflows hit $49 billion in August, the largest monthly outflow since December 2015, which could indicate more pressure on the yuan. A weak yuan and economic challenges have forced local investors to look for opportunities outside China. Given China’s strict capital controls, cryptocurrencies may be one of the few viable options
The Federal Reserve paused raising interest rates, keeping its benchmark lending rate at a 22-year high. The move was widely expected as the central bank signaled in recent weeks that it intended to wait for more data to understand the impact of previous rate hikes on the U.S. economy.
According to statistics, more than 52 million adult Americans (approximately 1 in 5 adults own cryptocurrencies) own cryptocurrencies:
🔵5 times more than electric car owners
🔵3.5 times more than union members
🔵2.75 times more viewers than NFL games
🔵2x that of stock owners
🔵1.3 times more monthly users than shared bicycles
Research highlights the democratizing potential of blockchain technology:
🔵63% of cryptocurrency owners believe the system is biased in favor of powerful interest groups
🔵Over 40% of cryptocurrency holders in Nevada, Ohio and Pennsylvania use cryptocurrencies to send money abroad
🔵Among 18-34 year olds, 72% believe cryptocurrencies provide direct financial control, and the same proportion believe cryptoassets are the future of finance
The newly released iPhone 15 Pro Max starts at $1,199, the highest price in Apple’s history. However, if the iPhone were priced in Bitcoin, it would be among the top four most affordable versions, priced at just 0.049 BTC.
For example, the Bitcoin required to purchase an iPhone 4S in 2011 is now enough to purchase more than 3,300 iPhone 15s.
The change highlights Bitcoin’s role as a decentralized global asset whose purchasing power has grown significantly.
The Federal Reserve's interest rate decision is ushered in the early morning. The market and market conditions are waiting for the early morning. Therefore, the market will basically not be large during the day and will mainly fluctuate within a narrow range. The focus points are 27500-26800-26600.
Strategy A: short around 27300, stop loss around 27500, take profit around 27000
Strategy B: More than 27000-27100, stop loss 26800, take profit 27300-27400. Live broadcast of the Federal Reserve interest rate decision in the evening! ! ! Those who need to listen to strategies in real time can come to the live broadcast room
The Greed-Fear Index is a measure of investor sentiment in the market and is often used to assess how greedy or fearful investors are about the stock market. The benefits of understanding the Greed-Fear Index include the following:
Reference for investment decisions: The Greed-Fear Index can provide information about market sentiment and help investors better understand the overall psychological state of the market. Through this index, investors can get a measure of investor greed or fear in the market to better decide whether they should invest or sell assets.
Market volatility prediction: The Greed-Fear Index can be used as one of the tools to predict market volatility. When greed is high, markets may be overheated and volatility may increase, which may be a signal for investors to further assess risk and adjust their portfolios. Conversely, when fear rises, the market may oversell, causing prices to fall, which may provide investors with buying opportunities.
Market Sentiment Monitoring: The Greed-Fear Index can be used to monitor changes in market sentiment. It helps investors identify shifts in market sentiment and extreme levels of investor sentiment. This kind of monitoring can alert investors to possible risks or opportunities that may arise in the market and help them make appropriate decisions.
$BTC is currently trading within a wide range from 27,000 to 26,100.
Patience comes first when making orders, wait until the right point before trading, otherwise it will be easy to enter a point that is neither up nor down.
Strategy A: 26700-26800 range is empty, stop loss is 27000, take profit is 26300-26400
Strategy B: Long near 26300, stop loss at 26100, take profit at 26500-26600, if it breaks the wide level box, you can further chase the rise and kill the fall.
The rules for winning in trading: Watch more and move less, and you will hit with one hit. If you cannot bear the loneliness and open positions frequently, the more you trade, the more mistakes you will make. Wait patiently for the opportunity and do trend trading, and your winning rate will be much higher!
Capital is accelerating its departure from AI tokens. Does AI currency still have a future?
The combined market capitalization of the five top AI tokens (FET, GRT, RNDR, OCEAN, and ROSE) plummeted from $170 million earlier this year to $60 million in August.
In the past, there were relatives and friends who wanted to join the cryptocurrency industry. We taught enthusiastically, taught them step by step how to deposit money, teach them about wallets step by step, taught them how to store coins and hold their private keys, and taught them that even if the world is destroyed, no one can touch their money. Bitcoin has changed the world's monetary system.
Now there are relatives and friends who want to enter the currency circle, and we let them watch All or Nothing. $BTC
Grayscale wrote to the U.S. Securities and Exchange Commission (SEC) stating that the SEC’s review of the 19b-4 document for converting GBTC into a spot Bitcoin ETF has taken three times the required time. GBTC is ready to operate as an ETF upon regulatory approval.
People can only make money within the scope of their own knowledge
Ups and downs are God's business. If you can guess right once, why do you want to guess right again and again? Then you can surpass CZ by investing in swing assets. More people who play in the band are either stuck in the trap and think about carrying it or cutting it off, or after cashing out and making money, they think about chasing the high or waiting for the correction. $BTC