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Today BTC skyrocketed all the way, directly reaching a historical peak! However, after the rise, it seems a bit tired, and the trend has started to soften a bit.
However, in the long run, if the United States passes the stablecoin legislation, more funds will flow into the cryptocurrency market. The U.S. may want to attract global capital through Bitcoin and stablecoins to digest their enormous national debt. In the future, it might be possible to buy stocks, houses, gold, or even foreign currencies with digital currencies, connecting global assets together. By that time, Bitcoin will really be bullish.
Interestingly, the founder of Bitcoin, Satoshi Nakamoto, originally invented it to combat the inflation of the US dollar, but now the US is using Bitcoin to promote inflation. It's like wanting to use a shield to block arrows, only for the opponent to take your shield and use it as a weapon—while the outcome is that the shield is used, it is completely different from what was originally intended.
#btc # eth #Shanzhai