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01
On November 18th, the price of Bitcoin rose to more than $18,000, reaching an all-time high in the past three years.
In 2020, Bitcoin will increase by 154%, and its market value will exceed Kweichow Moutai to reach RMB 2.14 trillion.
02
According to the Bitcoin holding trend chart of data research agency Whalemaps, since November 2020, many giant whale wallets (institutions or exchanges with a balance of more than 10,000 Bitcoins) have had a currency price of 12 to 16 thousand. A large number of purchases were made in between, as if the institution-level Fear of missing out occurred;
Although it is currently profitable, large institutions have not yet realized it, which also means that if institutions start to sell afterwards, the price of Bitcoin may fall rapidly.
03
Much like the winter three years ago, the continued rise of Bitcoin has attracted more and more attention, spreading from Wall Street to Hollywood. Maisie, the actor of Erya in Game of Thrones, posted a "Should I buy Bitcoin" poll on Twitter, and received more than 900,000 responses. More than half of them chose no, and Musk also came to watch:
Although more than half of the people who voted said not to buy, Maisie later tweeted an update and said "Thank you for your opinions, but I still bought some"——
Just...very second.
Relying on Bitcoin investment to make a wave of billionaire, Galaxy Digital CEO Mike Novogratz also replied to Erya's Twitter saying buy, buy, buy. Mike also expressed his optimism that Bitcoin can reach a high price of $65,000 with the promotion of the entire network.
04
Of course, some people are bullish while others are bullish. Ray Dalio, the founder of Bridgewater, one of the world’s largest hedge funds, posted 5 consecutive Twitter posts expressing his disapproval of Bitcoin, thinking that it is "too volatile and unsuitable for commercial use" and "holding Bitcoin cannot guarantee your own Purchasing power", "I can't imagine central banks, large-scale financial investments, and multinational companies using Bitcoin" and so on.
Regardless of whether it is a hedge fund manager, Erya, or a bigwig in the currency circle, it is all personal opinions. As for whether to invest or not, please make a rational decision.
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