Original title: Bitcoin hits the $50,000 mark! Tesla’s 10 billion blessing of Bitcoin restarts skyrocketing mode!Be alert to this risk
Summary
[Bitcoin hits the $50,000 mark and restarts skyrocketing mode! Tesla’s 10 billion blessing is alert to this risk]Under Tesla’s “blessing”, Bitcoin restarts its skyrocketing model. At 8 o’clock in the morning on February 9, 2021, Bitcoin broke through again, with the highest price of 48,126 US dollars, hitting the 50,000 US dollar mark. Bitcoin broke new highs, which is inseparable from the recent remarks made by the newly appointed world’s richest man and Tesla President Muskmeet. On January 29, after Musk changed his Twitter profile to “#bitcoin”, Bitcoin rose by 18%. Subsequently, Musk successively “brought goods” digital currency, first mentioned “Dogecoin” 6 times a day on February 4th, and on February 8th Tesla invested a total of 1.5 billion US dollars in BTC, and once again raised Bitcoin by 4.2 Ten thousand dollars high. (Broker China)
inTeslaUnder “blessing”, Bitcoin restarted its skyrocketing mode.
At 8 o’clock in the morning on February 9, 2021, Bitcoin broke through again, with the highest price of 48,126 US dollars, hitting the 50,000 US dollar mark.
Bitcoin broke new highs, and the new richest man in the world,TeslaPresident Muskmeet’s recent remarks are inseparable. January 29, changed in MuskTwitterAfter the profile was “#bitcoin”, Bitcoin rose by 18%.Then Musk successively “carried goods” figurescurrency, First mentioned “Dogecoin” 6 times a day on February 4th, and on February 8thTeslaA total of 1.5 billion U.S. dollars was invested in BTC, again pulling Bitcoin to a high of 42,000 U.S. dollars. It is precisely because Musk has a strong appeal in Europe and the United States, under his drive, there are a large number of “fans” buying digital currency, which brings the rise of Bitcoin and Dogecoin.
Bitcoin currentlyMarket valueOver $865.6 billion, the ranking rose to seventh, surpassing Facebook and Tesla (the market value is now $807.829 billion).
Institutional investors enter the market and volatility increases
William, senior researcher at OKEx Research Institute of Ou YiBrokerageChinese reporters said that the direct cause of this round of Bitcoin bull market comes from the entry of high net worth and institutional investors like Tesla.Since the second half of 2020, such as the United StatesInsuranceMassMutual LifeInsurancethe company、businessAnalysis company MicroStrategy and other institutions have bought bits; and online payment giant PayPal, Singapore’s largest businessbankDBSbankHave also announced that they will launchCryptocurrencyPayment service. According to data from Bitcoin Treasuries, currently more than $6.9 billion in Bitcoin is held by listed companies.This brings BitcoinmarketProsperity.
The deep-seated reason behind traditional institutions buying Bitcoin in large quantities is the change in the global macroeconomic situation this year.On the one hand, due to the impact of the epidemic, the global economic recovery will slow down in the next year; on the other hand, the central bank’sLoose monetary policyPush up inflation expectations in financial markets.QualcommIn an economic environment of inflation and low growth, in order to avoid the loss of nominal principal and the need to pursue higher returns, investors’ demand for hoarding cash has naturally evolved into a demand for gold and bitcoin.
The most obvious example is the latest disclosure document from Musk’s Tesla to the US SEC: “In January 2021, we updated our investment policy to provide us with greater flexibility to further decentralize and maximize “Cash income”, “As part of the policy, the policy has beenauditCommitteeWe may invest some of this cash in certain alternative reserve assets, including digital assets, gold bars, and gold exchange tradingfundwithOther assets。”
Senior at Huobi Research InstituteAnalystXu Tong told the brokerage China reporter: This round of quotations was mainly triggered by Tesla’s purchase of Bitcoin, which greatly increased the market’s confidence in the future of btc. The FOMO (fear of missing out) sentiment was strong, and many parties entered the market one after another.price, But a short-term pull will accumulate a large amount of profit, so be aware that short-term investors may appear after a new high, and you must pay attention to risk control.
Xu Tong said that now many traditional industries plan to invest in BTC with a significant increase in interest, and the shift in institutional investment preferences is very obvious. Digital assets are likely to be similar to gold. As assets on the company’s balance sheet, Bitcoin and gold have some similarities. For example, the limited supply is regarded as a resistance to the existence of traditional asset bubbles. Compared with gold, Bitcoin is still a very young asset. It is still not possible to conclude that it has formed a trend that can compete with gold. This round of Bitcoin The currency bull market is caused by the release of water by global central banks. Bitcoin as a safe-haven asset has become a new choice for institutional funds. As mainstream institutions gradually pay attentionInvest inGold, Bitcoin’s status as “digital gold” will become clearer. The volatility of the crypto market is also affected by many factors. At present, it is difficult to say whether it is more stable or more volatile.
As far as supervision is concerned, the prospect of Bitcoin’s supervision is still uncertain. Whether Bitcoin can be widely popularized and gain trust is also related to whether the regulatory environment is reasonable. In the long run, the tendency of cryptocurrency to become legal and compliant will help Later development of the city.
Bitcoin is not a safe-haven asset and needs to be alert to tightening global liquidity
William said that it should be clearly recognized that Bitcoin is a high-risk asset, not a safe-haven asset; and as a special asset class, Bitcoin is different from stocks orBond, Will not generate any predictable cash flow, and the only way for investors to obtain returns is the rise in the price of Bitcoin, so it is easier to form speculative bubbles.
Therefore, when investing in Bitcoin, one should correctly understand Bitcoin investmentPositioning. For novice investors, you can try to invest a little bit of bitcoin to promote the understanding of bitcoin; but if you want to realize the so-called freedom of wealth by investing in bitcoin, this is not realistic.At the same time, it is not recommended that investors increase leverage to speculate coins. Bitcoin’sPrice fluctuationsGreat in the marketResearchIn China, it is often found that some investors who increase the leverage of 10 times, 20 times or even 100 times to speculate in coins have brought huge investment risks.
“In view of the current Bitcoin market conditions, I suggest you invest in Bitcoin carefully.” William said.
First of all, after the price of Bitcoin exceeded $20,000 in December last year, a large number of new investors began to flood in. Most obviously, compared to November, Bitcoin’s market transaction volume in December has increased significantly; secondly, the rate of Bitcoin price rise has begun to increase significantly: Bitcoin has risen from $10,000 to $20,000. In January, it took half a month to rise from US$20,000 to US$30,000, but it took only one week to rise from US$30,000 to US$40,000.These signs indicate: market investmentMain forceThere may have been structural changes, and institutional investors may now turn to small and medium investors. The main force of the market is different, which has a significant impact on market sentiment and price trends.
Second, the current market has begun to diverge on future inflation expectations.The fundamental reason for this Bitcoin bull market is the market’sQualcommInflate expectations. However, with the launch of vaccines in various countries, including the fiscal stimulus measures brought by the new US government, they will promote economic recovery.In anticipation of economic recovery andQualcommUnder the dual pressure of inflation expectations, the market speculates that major central banks in the world will gradually withdraw from the existing easing policies.Especially the December 2020 announced on January 6MidlandReservemeetingIn the minutes, for the first time, there was a discussion on reducing the scale of bond purchases, which strengthened the market’s divergence on future monetary policy. Therefore, the US dollar index has fluctuated in recent days, and Bitcoin has risen and fallen sharply. When the monetary policy will gradually change from loose to moderately tight, institutional investors are likely to sell Bitcoin.
(Source: Brokerage China)
(Editor in charge: DF380)
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