They boldly bought 1.4 billion US dollars. Without Bitcoin, who would dare to lend money to this small country. Surely many small countries will copy homework in the future.
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El Salvador bought at the low point of Bitcoin, purchasing $1 million worth of BTC, just one day after the International Monetary Fund suggested cutbacks.
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Bitcoin has experienced a recent three-day drop of 11.8%, following the Federal Reserve's remarks of 'not allowing the holding of Bitcoin' and 'not incorporating Bitcoin into the balance sheet'. Since 2021, El Salvador, currently holding 5969 Bitcoins, has been purchasing one Bitcoin every day, but under the long-standing urging of the International Monetary Fund (IMF), plans to reduce its Bitcoin plan. It intends to make accepting Bitcoin payments by businesses voluntary while implementing measures to reduce government deficits in exchange for IMF loans. This is undoubtedly a significant bearish signal, and last night's accelerated drop in Bitcoin is likely a result of this.
Looking at the positive side, several bullish factors that have been priced in for Bitcoin have already materialized. Barring any major black swan events, it should consolidate within the current price range. From a technical analysis perspective, even though Bitcoin's daily chart has fallen below EMA20, it is still above EMA50, with a significant order wall at 92500-95000 providing support. However, once this support is breached, Bitcoin is likely to fall back to around 80000 to fill the CME spot gap.
Here is a recommended investment strategy for Bitcoin, making regular investments through the Ahr999 index. Accumulate Bitcoin spot over the long term below the regular investment line and bargain hunting line, and slowly sell off after Bitcoin exceeds the regular investment line, which can be a good method. However, for investors in a one-sided market, this method may not be very suitable...
Looking at the positive side, several bullish factors that have been priced in for Bitcoin have already materialized. Barring any major black swan events, it should consolidate within the current price range. From a technical analysis perspective, even though Bitcoin's daily chart has fallen below EMA20, it is still above EMA50, with a significant order wall at 92500-95000 providing support. However, once this support is breached, Bitcoin is likely to fall back to around 80000 to fill the CME spot gap.
Here is a recommended investment strategy for Bitcoin, making regular investments through the Ahr999 index. Accumulate Bitcoin spot over the long term below the regular investment line and bargain hunting line, and slowly sell off after Bitcoin exceeds the regular investment line, which can be a good method. However, for investors in a one-sided market, this method may not be very suitable...
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's approach can be emulated by many small countries, hoarding MMF to buy Bitcoin, using legal currency, making money laundering convenient. Then borrow money from the International Monetary Fund, and sell Bitcoin for cash.$Bitcoin (BTC.CC)$ Standing firm at 102k tonight is like slapping Powell's ear.
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$Bitcoin (BTC.CC)$ We have been spared of a global market crash, the bank of japan decided to hold rates rather than raise them. Based on the chart this could be an inverse head and shoulders pattern forming. if confirmed we could be going to somewhere between 110k - 115K in the near future. Will have to watch closely. We must also factor in the recent rate cuts by many central banks recently including the federal reserve. This is going to bring those who were on the sidelines back into the marke...
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.The Federal Reserve has nothing to do with Bitcoin. Bitcoin will be regulated by the CFTC, led by the CFTC. The government issued an executive order to allocate 2% of the foreign exchange reserve fund to Bitcoin, which will be managed by the Department of Finance; then the national strategic reserve will be decided by Congress. The Federal Reserve can execute the order.
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$Bitcoin (BTC.CC)$ In fact, Tesla is the stabilizing force of the U.S. stock market. With Tesla's presence, the U.S. stock market keeps rising.
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$Bitcoin (BTC.CC)$ It would be best to liquidate Saylor's position.
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$Bitcoin (BTC.CC)$ Bitcoin has been controversial not just today, but for more than 10 years. Many old people who have passed away still cannot understand the world of young people. The Federal Reserve is not qualified to decide to buy BTC, we have to wait for Trump to take office before we can gradually promote it.
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It's not like the Federal Reserve has the final say! We'll wait for Trump to take office and then push forward.
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