The Godfather of Coin Speculation 3.28: What is the cause and effect analysis that drives the market value of Bitcoin?

News side:

News side:

1. Today, Gemini Exchange founder Tyler Winklevoss tweeted that the US government will never ban Bitcoin. Over the past decade, regulators and courts have asked and answered these questions. The ship has sailed.

2. According to Live Bitcoin News on March 28, U.S. Representative Tom Emmer said in a recent interview that Bitcoin and cryptocurrencies are the future of money, and he is trying to make other congressional colleagues sober and understand the prospects of digital assets . He believes that digital currencies can have a huge impact on political campaigns and affect the image of future politicians.

3. According to the latest real-time statistics of the WHO, as of 14:11, March 27, Central European Time (21:11, March 27, Beijing Time), the cumulative number of confirmed cases of new coronary pneumonia worldwide was 125,781,957, and the cumulative number of deaths was 2,759,432 .

4. According to data from CryptoQuant, as of March 26, the holdings of stablecoins on global crypto exchanges reached $9.806 billion. At the same time, CoinGecko data shows that the current total market value of stablecoins has exceeded 60 billion US dollars, reaching 62.391 billion US dollars. The current daily trading volume of all stablecoins is about $86.709 billion, of which Tether (USDT) accounts for $80.189 billion.

5. Statistics from CoinATMRadar show that since March 1, a total of 991 Bitcoin ATMs have been newly installed around the world. As of now, the number of Bitcoin ATMs deployed worldwide has reached 17,290.

6. The latest official data shows that Purpose’s Bitcoin ETF has increased its holdings by about 800 BTCs in the past week. Currently, the fund holds a total of 14,889.66 BTCs.

Following the increase in bitcoin holdings by various institutions and companies, funds under Purpose added another 800 bitcoins. Just from the end of last year to this year, the continuous upward attack of bitcoin led to half of the currency circle and half of the sea. The months-long increase in bitcoin positions by professional institutions headed by Grayscale detonated the entire market as early as last year, but some people at that time were indeed unhappy.

So here we will talk about the reasons. On the one hand, the current domestic regulatory pressure has led to a sharp increase in the risk of capital entering the market. On the other hand, more than half of the stock assets have been lost in the previous chasing ups and downs, and everything is in chaos. Therefore, the saddest thing in the currency circle is that the bull market has come but the money is gone, but in any case, if you want to obtain sustained and stable returns through the market, you must have the allocation of mainstream currencies. The allocation of mainstream currencies has always been the focus of the godfather. This is not only risk control; it is also a value choice after deep thinking by the godfather.

In the eyes of the godfather, the current currency circle is still in the absence of early supervision and complex projects, so only when we have grasped the most certain directions can we ensure that the project will still be there after ten years, otherwise it is impossible to talk about value investment. is impractical. What do you think?

Just when Bitcoin rose to 400,000 RMB in the early stage, many friends asked whether they should buy such an expensive Bitcoin, or whether they should wait for it to fall before buying. What the godfather wants to say is that these questions are wrong but not bad, because the godfather thinks that these questions are only asked by retail investors. So when it comes to this, we have to talk about who is the behind-the-scenes manipulator who really drives the price of Bitcoin to take off?

The Godfather also mentioned in the previous article that it is not retail investors who drive Bitcoin to take off, but institutions. In addition to Musk, Blackstone Fund, and MicroStrategy, more and more asset managers have also begun to increase their holdings of Bitcoin. For example, MassMutual Insurance, but many people will wonder why an insurance company would buy Bitcoin?

First of all, the godfather briefly explained the operation of the insurance company, assuming that the insurance company has 1 million customers. If each customer pays a premium of 100 yuan per month, then the monthly cash flow of this insurance company will exceed 100 million yuan. They will not keep the cash flow of 100 million yuan in the warehouse, but will have professional fund managers invest and manage it.

Then everyone knows that the most important thing when investing is to diversify investment, so these asset managers will buy treasury bonds, stocks, gold, and Bitcoin. Then someone will ask why they didn't buy Bitcoin when it was so cheap, is it stupid to buy it now. What the godfather wants to say is that the answer is indeed the opposite. They will only buy Bitcoin when it rises high enough. The reason is that its volume and market value will be large enough when Bitcoin rises high enough.

In the past few years, Bitcoin has changed from an unknown stage to a recognized stage, which just shows that the market is increasingly recognizing it. And as the market value of Bitcoin increases, the volatility of Bitcoin will actually become smaller and smaller. Because when those funds that really manage hundreds of billions of dollars start to invest in Bitcoin as a diversified asset, the part of Bitcoin they control will not have a high turnover rate.

So it's a virtuous cycle from the Godfather's point of view, if you want me to give you an analogy. That is, Bitcoin will be more like a commodity, or more like a precious metal. Goldman Sachs said some time ago that even if Bitcoin grows, it may take away some demand for safe-haven assets such as gold in the future. But it will not replace gold, so the understanding of the godfather is to first compare Bitcoin with gold, which itself is a recognition of Bitcoin.

3.28 Strategic layout of the godfather of currency speculation

Bitcoin:

After Bitcoin touched the lower track of the daily line, it began to rise all the way. This morning, there was a wave of strong pull up to the highest point around 56625, and the intraday shocks were not very large. From the rebound point in the morning, it can be seen that the neighborhood of 56600 was suppressed by the upper triangle area and there was no breakthrough. If you look at the hourly chart and go out of the top divergence, the sub-chart indicator kdj forms a dead fork operation, and the green momentum of MACD has increased. In terms of thinking, in the evening operation, we use high positions to gain callback profits, and it is good to make profits of 400 to 600 points in range shocks, and follow the trend when the trend comes out.

Operation suggestion:

Operation suggestion:

2. Look at 400-600 points and defend 600 points at the long target point near 55500

The godfather of currency speculation has been in the currency market for 7 years. From being ignorant at the beginning to becoming familiar with it later, from losing money at the beginning to making money now, from making orders blindly before to investing rationally now, from fighting alone before to now with a team operate. 7 years is just the beginning, what I want to do is 20 years, forever. I firmly believe that those who do everything for 7 years must turn an industry from a public to a professional. The content of this article is exclusively planned and released by the team of senior analysts, the Godfather of Speculation (public account: Godfather of Speculation). If you want to know more about real-time investment strategies, solutions, methods, trading techniques, operating skills, and K-line, you can add it to my learning Communication, I am the godfather of currency speculation, I hope to help you find what you want in the currency circle.