Yesterday was really a good day for the collective. When I got up early in the morning, I saw a lot of pushes, Goldman Sachs entered the market, ETF made progress, and Fidelity supported Bitcoin.
Is it impossible to tell whether it is good for Bitcoin to rise, or it is good for them to pay out after the rise? I talked about why "every rise is good, and every fall is bad" in yesterday's article, so I won't repeat it here. Friends who haven't read it will just scroll out and read yesterday's article later.
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1. Fidelity supports Bitcoin
Here's what the media reported:
In fact, it is the opinion of an executive in Fidelity. It is Fidelity's opinion that the media makes things happen, but it is not harmful.
In fact, Fidelity has always been a good friend of Bitcoin, and it is relatively friendly to cryptocurrencies among established institutions. They have entered Bitcoin to do related business very early. At the time they were offering Bitcoin custody, probably around 2019, and I’ve boasted about it a lot.
Later, they went a step further and started to make encrypted index funds:
Taking crypto-related businesses one step at a time is awesome.
For traditional investors, a more comfortable investment method is what they need most, and they are too lazy to play "decentralized games" with us.
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2. ETFs are finally making progress
Bitcoin ETF can be regarded as a "pending good news". Everyone knows it is good news, but they just don't know when it will pass.
Just like that, the time has come to 2021. Yesterday, we finally saw the first news of the progress of the Year of the Ox Bitcoin ETF:
“Cboe Global Markets (Cboe) — the global equity and derivatives exchange — filed with the Securities and Exchange Commission to list and trade VanEck’s Bitcoin ETF.”
"It's off to a very strong start," JPMorgan said in a note to clients.
In fact, until the ETF is officially listed, these benefits are not considered substantive benefits. The main reason is that we are very satisfied with the progress of the ETF.
Don't read ETF-related news every time "XXETF was rejected by the SEC", that's really uncomfortable.
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3. Goldman Sachs is back in the game
Goldman Sachs, that's right, Goldman Sachs, who has always been the big brother in the Wall Street plot, has entered the cryptocurrency market again.
Why do you say "again", it's very simple, this is not the first time they have entered the arena.
Moreover, the last time he entered the field was very "overturned".
Let me show you a picture:
On the left is the time when Goldman Sachs last entered the cryptocurrency market, and on the right is this time, that is, yesterday.
Are you shivering?
I don't know if it will happen again this time, I hope not, Goldman Sachs can't roll over twice in the same place, right?
Anyway, that's how it is. A rise is good, and a fall is bad. Everyone should be more cautious, and don't be too carried away by the so-called good and bad.
However, in the past month, almost everyone’s consensus has been "big shock". It is true that everyone should learn more about DeFi, dig more low-risk free prostitution mines, and make their wallets thicker.
After all, there is an unwritten historical law, that is, March is low and April is rising. I don’t know how this rule was formed, but things like market consensus are indeed interesting.
It is best to increase in March and April, but it seems that March is generally troublesome, so everyone should be more cautious and don't use leverage.
I hope you all have a smooth time this March~
