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In the past few days, there has been news that individual institutions represented by Da Mo have been making a fuss about the topic of Bitcoin spot ETF, and the center wants to express nothing more than two points, a Bitcoin spot ETF may not pass as smoothly as most people expect, and the other means that since the spot ETF passes, it may usher in a wave of downward pressure on prices caused by a wave of sell-offs!
For the above two points, the research and judgment of these professional investment institutions do not express more opinions, maybe in the short term as they say, anyway, so what?
Here I just want to say one thing, that is, after the bitcoin futures ETF, if the bitcoin spot ETF is successfully approved by the SEC, what does it mean? This means that BTC as an asset class is officially recognized by the largest financial regulator and market on the planet! We have been fighting with BTC for more than 10 years, what could be more meaningful with this! Since then, no one has questioned that BTC is another Dutch tulip, a new type of Ponzi scheme! This is the return and result of countless people's perseverance and struggle for decades. For this event itself that is recognized as an asset class by reality, the significance of itself has far exceeded the short-term ups and downs of the market, the rise or fall is nothing more than the adjustment and repair of the short-term technical side of the market, and has no decisive impact on the longer-term trend, but these institutions have not explained, the most difficult to figure out here is the research report of Da Mo, I remember that I first saw a research report on BTC on the official website of Morgan Stanley was several years ago, when Da Mo Research Report had recommended BTC to potential investors As a new type of asset investment strategy, 5% of the investment share can be appropriately allocated. Now, at the time when the Bitcoin spot ETF is about to come out, the information frequently conveyed to the market by Da Mo and individual institutions is contrary to everyone's expectations, what kind of story is there?
I remember a dynamic conversation early this year that in the past 10 years of savage growth in BTC and the crypto world, the most lost may be these traditional Olds Monney, conservative and steady old money, in the face of the torrent of the new market and the huge wealth effect of the new market, there is the loss of missed opportunities and the urgency of the future growth opportunities of the new market, this is a contradictory and complex mentality, that is, the contempt for the new market, and the hunger for the growth of huge wealth, the mouth says derogatory words, in the heart I wish to be able to get more low-price chips! It's like I suddenly thought of a certain Internet celebrity financial expert who said that he shouldn't give BTC away for free!
Of course, sometimes, the short-term game and volatility of the market is enough to kill, especially those players who have added high leverage, I think for these friends, the play is high risk and high return, what time, safe are floating clouds, 10,000 years is too long, just seize the day, overnight rich is the king. So, what these institutions want to express is to attract attention, the game of the market will definitely not be as superficial as they described, and they will not tell us the deeper things! Here we need to know how deep our understanding of the market and BTC is to decide whether you make a profit or a loss!#ContentStar# PANews reported on November 28 that, according to CoinDesk, former Bank of Spain Governor Miguel Fernández was present at a public hearing hosted by the European Parliament's Committee on Economic and Monetary Affairs to discuss potential central bank digital currencies (CBDCs). Ordóñez said that unlike bank deposits, the digital euro is a safe asset that can help end the banking crisis or completely deregulate banks, the last two major global economic crises have been caused by the use of risky assets such as bank deposits, but these assets are not money, but promises to pay back, the digital euro is the euro, but bank deposits are not euros, deposits are just promises to pay euros, and if banks fail to meet these promises, there will be a crisis, the digital euro is the euro, but bank deposits are not euros, and the benefit of CBDC is stability, justifying the use of digital euros instead of bank deposits。 Ravi Menon, Director General of the Monetary Authority of Singapore, pointed out that tokenization technology can solve many problems of cross-border payments, and central banks should use current research and future cooperation to solve the biggest problem of cross-border payments, that is, settlement barriers. Ravi Menon said that the use of tokenization technology will make payments smoother, but there must be a sound regulatory framework, through the implantation of smart contracts, regulatory requirements and other rules can be put on the blockchain, because international regulation should be synchronized, so multiple central banks should cooperate to study the same framework. According to Erik Thedéen, president of the Riksbank, the Riksbank will be ready to connect to Europe in cross-border payments in the future, but as a smaller export-oriented economy, it will not become a leading region. Record your own trading notes [Day 91]
Focus on rationality, rational trade
Initial: 20,000U Current: 1.29 million [800,000 raised]
Viewpoint: I bought GAL today and made a profit, the market is still empty, November is about to end, this month we are really outperforming to be honest! Next month will be more brilliant, thank you brothers for their support, I will also bring more quality analysis later! Keep up the attitude, the market is fast
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