The bull market will continue, hold your coins

In the past two days, Ethereum has reached a new high - the highest has risen to 3,500 US dollars. A friend sent a WeChat message saying that he is very nervous about holding Ethereum now, worried that it will suddenly fall.

I can understand this feeling, but I still haven't sold Ethereum, nor have I sold any other coins I hold: including Bitcoin and DeFi mainstream coins.

The main reason why I continue to hold is because so far, I feel that there is no sign of the end of the bull market, in fact, there is no sign of a close climax.

It is worth noting that there have been a bunch of airdrops recently: such as FROYO (based on Fantom), FLTY (based on BSC) and other projects running in an ecosystem compatible with Ethereum. And there seem to be more and more projects like this—I feel that the airdrop effect of Ethereum has gradually spread to other ecosystems compatible with Ethereum. Will this momentum trigger a new round of airdrop climax, trigger a new round of DeFi climax, and even drive a new round of rising prices?

In short, the current overall development makes me feel unsatisfied, and new hot spots are gathering, just waiting for the explosive point.

In addition to the development of the digital currency market itself, I feel that there is still hope, and the recent series of "rumours" by senior US officials also made me more confident in the next release.

U.S. Treasury Secretary Janet Yellen said in an interview on Monday that modest rate hikes may be needed to prevent the U.S. economy from overheating due to higher levels of government spending.

I also saw this news at the first time, but at that time I thought this statement was normal. She just said that interest rates need to be raised, but she did not say that interest rates will be raised soon. There is nothing wrong with this.

But the result was unexpected. As soon as the news came out, the three major U.S. stock indexes immediately fell sharply to express their "retaliation". More than 19%.

As a result, Yellen immediately came forward to refute the rumors, and the remarks in refuting the rumors were quite humble: she denied that the remarks about raising interest rates were predictions, and also denied that they were suggestions, and even more hastily put aside that she was definitely not trying to interfere with the Fed, and even finally said Such harsh words: "I don't think there will be an inflation problem, and if there is, the Fed can solve it."

After Yellen, the White House press secretary also came out to refute the rumors, saying that the economic experts in the White House believed that inflation was only temporary.

That’s not enough. Then on Wednesday, several senior officials of the Federal Reserve came forward to refute the rumors, including the vice chairman of the Federal Reserve, the chairman of the Cleveland Fed, the chairman of the Chicago Fed, the chairman of the Boston Fed, and the governors of the Federal Reserve. Their views are simply one:

Even if there is inflation, it is not a cause for concern, and there is no rush to discuss reductions and interest rate hikes. Among them, the Cleveland Fed President even said that even if inflation exceeds 2% this year, it will not be enough to raise interest rates.

Some people say that Yellen's previous statement about raising interest rates was to test the market reaction, some said it was to inoculate the next policy, and some said it was purely an expression of opinion, but no matter what it is, the subsequent series of chains The reactions all proved one thing: the U.S. government has been completely kidnapped by Wall Street. If you dare to raise interest rates, I will pretend to be dead for you.

So after this round of rehearsal, we can basically think that this year's water will only continue to be released. With such a macro environment as a foreshadowing, the commodity market, precious metal market, stock market, and digital currency may continue to be flooded.

So I will still hold the coins in my hand.

In the article the day before yesterday, many readers expressed their views on this passage:

"Because so far digital currencies including Bitcoin and Ethereum have not provided human beings with any services and products that contribute to the real economy."

In fact, what I mean by this sentence is that according to Buffett's investment thinking, Bitcoin and Ethereum are as described above, not that I also think this way.

If I had the same view, I would not invest in digital currency. Being optimistic about digital currency is not only the point of view I have always insisted on, but also the key to supporting me through the bear market. But even so, I don't exclude people who hate digital currencies. In the field of investment, everyone has their own thinking and cognition, but I think the pursuit of rationality and the recognition of the boundaries of one's own abilities are applicable to anyone.