"Once the Fed makes a move, we know whether it will work or not." This market saying has been confirmed again in the recent cryptocurrency market. After the Fed's latest interest rate decision was announced, the Bitcoin ETF suffered the largest outflow of funds since March, up to $621 million, which triggered widespread market concerns about the future trend of cryptocurrencies. The core conflict of this incident is that the Fed's hawkish stance runs counter to the crypto market's expectations for loose monetary policy. Although Fed Chairman Powell did not explicitly state in his speech that he would continue to raise interest rates, the signal of maintaining high interest rates is still strong. This news is like a basin of...
In life, there is a mysterious battlefield, where there is no smoke, but the smell of money is everywhere. That is the stock market, a capital game field full of temptation and risk. Every day, countless investors fight in it, hoping to get a share of it. But are stocks really just a simple tool for making money? Why Lululemon stock down 41% YTD ? 1. The capital drama behind stocks Stocks are just a kind of ownership certificate issued by companies to raise funds. But behind this certificate, there are countless stories and games. Major shareholders, institutional investors, retail investors, and all kinds of people compete in the stock market. Who can laugh to the end is often not...
Antiques in prosperous times, gold in troubled times. In the inherent concept of the world, gold is synonymous with absolute value. However, the author believes that gold will be worthless in the future! Why do you say that? First of all, we need to understand gold first, because gold has the characteristics of low melting point, low hardness and extremely strong stability. In the ancient society with weak production and processing capabilities, compared with other common metals, it deservedly became the top material in the precious metal currency of ancient society because of its large reserves and easy processing.Gold can be said to be a very special existence in human society.Humans have used gold as burial objects since 6,000 years...
Bitcoin’s performance this year has been amazing, entering a stage of accelerated growth. As of the end of March, it was rising almost every day, with a cumulative increase of more than 40% that month! Although Bitcoin is likely to fluctuate within this range under the current circumstances, the continued influx of "smart money" and institutional funds, especially MicroStrategy's latest large investment, is more likely to deepen people's confidence in Bitcoin as a store of value, and releases a long-term bullish signal!So, where will Bitcoin go next? Generally speaking, it maybe be divided into three directions:1. In the short term, Bitcoin will fluctuate between $60,000 and $65,000 after breaking through the $60,000 resistance level;2. In the medium term, as the...
As $700 billion worth of Bitcoin, Ethereum, XRP and cryptocurrencies surge in price, BlackRock has quietly opened the door to a "trillion-dollar-plus" Wall Street game-changer. Not long after the death of Charlie Munger(Everyone who doubts Bitcoin will one day die), the American investment guru who always regarded investing in Bitcoin as a foolish behavior, the cryptocurrency experienced a rapid rise. After more than a year and a half, it once again stood above 40,000. (Too bad he won't get to see btc hit $100,000 next year)The U.S. dollar mark, and its market value has exceeded that of Berkshire Hathaway and Meta.Why is Bitcoin so popular again? As on December 5, the price of one Bitcoin was US$41,736, climbing to a...
