They now have stablecoin to support the $US. China needs to allow mining of bitcoin again, and then use stablecoin to its advantage.
Financial Markets Around World
- Thread starter 4Runner
- Start date
They now have stablecoin to support the $US. China needs to allow mining of bitcoin again, and then use stablecoin to its advantage.
Again, stablecoin is not a real thing. Tether is the most popular one and there are still real questions about its asset holdings and it’s managed by a private for-profit company that has been hacked multiple times and currently has an unknown banking situation.
If you have a state backed digital currency, then it is basically just currency.
Pretty much you need central bank digital currency to have a "real" stable coin. The issuer of the stable coin should make their cbdc address public so people can actually confirm if they have are backed.
Thin-volume V-shape summer rally, yet another "un-historical" pattern born out of great bailout of 2008 financial crisis. The more "un-believable" the better. BBB is yet another "kicking the can down the road" bill. I am not sure how long this can last. But there has been no conventional bear market since March 2009. And the market can remain irrational longer than you can remain solvent. So I just follow current trading patterns. I am not a TA knucklehead. I am forced to use TA more because there is no "fundamental" any more. I guess I want to be irrationally profitable more than rationally counter-trend.
S&P 500 is forming a long-term double-top in the next few weeks. I guess around October we should see if this double-top pattern is valid or not. April market-crushing libration was not accidental.
S&P 500 is forming a long-term double-top in the next few weeks. I guess around October we should see if this double-top pattern is valid or not. April market-crushing libration was not accidental.
Bitcoin has reached a new high recently. I try to predict the future price of Bitcoin. If the United States continues to relax its cryptocurrency policy, the high point may be $200,000 per coin next year, and Bitcoin will rise to $500,000 per coin by 2030. Of course, if a major confidence setback occurs during this period, Bitcoin may be repeatedly cut in half, but I think the probability is low.
There are many driving forces for the rise of Bitcoin. Pension funds and institutional funds are pouring in. The United States continues to print money and release water. People believe that digital assets are the future trend. The total number of Bitcoins remains constant, and the price will inevitably rise. Although I hope that Bitcoin will become a worthless code in the future, because I hope that hard-working workers will get their due rewards, it is obvious that in the current financial environment, the potential value growth of Bitcoin will still exceed almost any major investment target. I think the rise of gold, silver and Bitcoin is a kind of resistance to the crazy printing of money by the United States. The world is slowly returning to a new type of gold standard.
There are many driving forces for the rise of Bitcoin. Pension funds and institutional funds are pouring in. The United States continues to print money and release water. People believe that digital assets are the future trend. The total number of Bitcoins remains constant, and the price will inevitably rise. Although I hope that Bitcoin will become a worthless code in the future, because I hope that hard-working workers will get their due rewards, it is obvious that in the current financial environment, the potential value growth of Bitcoin will still exceed almost any major investment target. I think the rise of gold, silver and Bitcoin is a kind of resistance to the crazy printing of money by the United States. The world is slowly returning to a new type of gold standard.
