On the morning of March 5, Beijing time, Bitcoin once again became the focus, breaking through 6$80,000 mark, a staggering increase in 24 hours. This is reminiscent of the old saying: "Soaring is jaw-dropping!" "Just one step away from an all-time high, Bitcoin's "madness" continues.
Behind this surge, there is an important driving force - the mining reward will be halved, which means that the amount of bitcoin will be reduced. This expectation of "scarcity is expensive" has made investors rush to the market to seize the opportunity.
However, this rally did not happen overnight. Since the beginning of this year, Bitcoin has started the "acceleration**" mode, rising by more than 50% in just one month. And, you know what? The U.S. Securities and Exchange Commission approved the application for a Bitcoin spot ETF, making it easy for ordinary investors to participate in this "digital **" feast.
Seeing this, are you also moved? Want to jump in and join the Bitcoin mining community? Don't worry, let's hear what the experts have to say.
Gao Chengshi, executive member of the Blockchain Committee of the China Computer Federation, said: "In the short term, there is still room for Bitcoin. "Wow, doesn't that sound tempting? But wait, he's not done yet! "In the long run, as the Bitcoin consensus expands, it will inevitably go further. Oh, that's a "long-term bullish" view!
Yu Jianing, co-chairman of the Blockchain Special Committee of the China Communications Industry Association, is even more "happy" to the development of the digital asset market in the future. He believes that the launch of a Bitcoin spot ETF could bring long-term benefits similar to ETFs. This means that Bitcoin has the potential to become the "new" in the digital age
But wait, don't rush to place an order just yet! Yu Jianing also reminded everyone that factors such as macroeconomic conditions, global monetary policy, and inflation rates can have a profound impact on Bitcoin**. That said, investing in Bitcoin isn't something that can be done with a moment's enthusiasm! You need to have a sufficient risk tolerance and be prepared to invest for the long term.
In short, the "digital spree" of Bitcoin continues, but the risks behind it cannot be ignored. Investors who want to participate in it have to weigh their "catties and twos"! Don't be carried away by FOMO emotions, after all, investment still needs to be treated rationally.