In Zhihu, I saw a joke about speculating in coins.
A: If you want to speculate in coins, you have to let institutions enter the market first, and bring retail investors into the market. Institutions buy, and when the price rises, retail investors follow suit. After the money is in hand, the institutional money will be returned in full, and the retail money will be split.
B: Why is it only 70%?
A: 70% belong to other people, and 30% depends on their faces.
B: Look at whose face?
This passage is adapted from the classic plot of the movie "Let the Bullets Fly". Zhang Mazi showed the gun and the gavel successively, while Master Tang said that with a gun, you can only earn money in the mountains, and with a gavel, you can only earn money on your knees. money. If you want to earn money standing up, you can only shout to the sky:
"Brother Nine Cakes."
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(Source: Movie "Let the Bullets Fly")
According to the data of bitcointreasuries, as of February 19, there were 38 companies holding bitcoin assets. In November 2020, the number of companies holding bitcoin assets was only 23. In three months, 15 new companies were added. company.
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(Source: bitcointreasuries)
The reason for the large-scale entry of institutions depends to a certain extent on the current situation of the global economic situation. Under the influence of the epidemic situation, the overall global economic recovery is unstable. The easing policies implemented by major economies represented by Europe and the United States have a greater impact. Compared with gold , the value potential (decentralization, derivatives play) shown by Bitcoin at this stage is more suitable for large enterprises and companies to deal with asset depreciation.
Earlier, Tesla invested 1.5 billion in Bitcoin, and later Bill Gates expressed his neutral attitude towards Bitcoin.
As of February 19, in the global asset market value ranking, the market value of Bitcoin has surpassed that of Facebook and Tencent, ranking eighth with $964.53 B.
Some people say that Bitcoin is entering the "institutional era" from the "retail era".
The total amount of Bitcoin is constant. With the third halving, Bitcoin giant whales and miners hold a large number of Bitcoins. The entry of institutions has continued to reduce the circulation of Bitcoin in the market. Supply and demand determine value, and the price of Bitcoin in the "institutional era" will usher in a certain degree of growth, but when a large number of assets are in the hands of institutions, the risk of selling and cashing out is also instantaneous.
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(Source: Movie "Let the Bullets Fly")
It is undeniable that contract players can double their returns with leverage, but in the Bitcoin market held by large investors, the risk is greater.
In 2021, Bitcoin has risen by nearly 80%. In the digital asset market, a new "Bitcoin consensus" has emerged:
When Bitcoin rises, other assets will likely rise; when Bitcoin falls, other assets will inevitably fall.
Some people even call the current mainstream trend in the digital asset market the "Bitcoin Sentiment Trend".
But from Bitcoin to Ethereum, the value of digital assets does not depend on whim after all, but provides more comprehensive financial solutions from multiple dimensions such as ecology, scenarios, and technology.
How to convert investment into income, cognition, timing, capital, and human judgment will all be key factors.
