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Moo Spotlights | Bitcoin closes to ATH; is it time to jump into crypto?
Hello, mooers! ![]()
$Bitcoin (BTC.CC)$ just surged past 73k a few days ago and has maintained a position above 72k. Many cryptocurrency mining and holding companies have benefited from this surge.
As a new asset class, Bitcoin possesses leading volatility, risks, and opportunities. As the saying goes, 'Better the devil you know than the devil you don't.' Although Bitcoin is not a devil, it is still essential for Australian investors to understand it better. Perhaps you could be the next lucky individual to achieve FIRE (Financial Independence, Retire Early) status because of it.
Let's dive in!
📖 Know more about BTC and its relevant companies
As a decentralized asset, the price of $Bitcoin (BTC.CC)$ will be influenced by many elements such as the recent US precident election, geopolitics, etc. Know more about Bitcoin through the following content:
In the short term, the "Trump trade" and monetary policy easing are two major "catalysts." James Butterfill, head of research at CoinShares, stated in a report that bitcoin's price and flow are greatly influenced by U.S. politics, and the recent surge in capital inflows may be related to changes in the Republican Party's electoral situation. The shift in policies by global central banks, with the easing of liquidity boosting risk sentiment, also becomes a tailwind for cryptocurrencies.
Actually, both Trump and Harris have shown support for crypto. The market believes that Bitcoin will benefit no matter who wins the election. David Lawant, the head of research at crypto broker FalconX, believes the market's consensus is that Bitcoin could do well regardless of the outcome and their analysis shows that options activity surrounding the upcoming election leans clearly toward the upside. Data compiled by Deribit, the largest crypto options exchange, shows that the ratio of put options to call options is decreasing as the election day approaches, with traders buying more call options than put options.
Share your insights in comments. We will pick up to 15 high-quality comments and send each of the commentator 200 points as the incentives!🎁
Whether it's early morning in Sydney or late at night in Perth, you can dive into trading without the stress of timing or the hassle of time zone differences. Say goodbye to sleepless nights and hello to a smarter, more flexible trading experience, available at your fingertips!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102362254 : The approval of Bitcoin ETFs is a big step, letting people invest in Bitcoin without a crypto wallet, making it easier and more accessible. This could boost liquidity and stabilize prices, though success will depend on market support and regulations. I’m bullish on Bitcoin and these ETFs. With more institutions involved, Bitcoin is gaining ground as a legitimate asset, despite some volatility and regulatory challenges. The long-term outlook looks positive as $Bitcoin (BTC.CC)$ integrates into the global financial system
mr_cashcow : I'm definitely bullish on Bitcoin since the inception of bitcoin ETFs there is no doubt that there is value in bitcoins, it makes it easier for investors to buy into the asset class without the hassle of holding the actual bitcoins![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Moomoo AU OP : @102362254, @mr_cashcow Congratulations to these mooers who earned 200 points as the comment incentives!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Looking forward to more of your sincere & insightful sharings in moomoo community!
151323945 : Is it not too late to jump in?
Davobuffett 151323945 : Nothing is too late
Gameplayer : good