There are many good news, and Bitcoin stands at $50,000 for a short time!

On the afternoon of 14th, Bitcoin began to increase in volume from USD 47,500, breaking through the previous high of 48,974, and then began to fall.

On the 15th, Bitcoin surged again, failed again, and then plunged to $45,688. For example, the DeFi concept currency flashed, and the market worried that the market would plummet.

On the 16th, the fifth day of the fifth month of the Chinese lunar calendar, the God of Wealth Day, Chinese people usually want to "greet the God of Wealth", and then set off firecrackers, hang lanterns, burn incense, send paper money, etc., in order to pray for rich resources in the coming year. Therefore, the market sentiment was optimistic in early trading, but Bitcoin fell to around $47,000 again in the morning. Near noon, Bitcoin began to surge violently. After hovering around 49,500, the integer mark of 50,000 was successfully won.

However, as of press time, the spot price of Bitcoin on OK Exchange is up to 50,000 USD, that on Fire Exchange is 49,999.99 USD, and that on Currency Exchange is 49,998 USD. Since then, the price has dropped. Obviously, $50,000 is a big pressure.
Why can Bitcoin break 50,000 in history? From a macro point of view, this is almost a sure thing. Compared with 2017, the fundamentals of Bitcoin have been bursting, and continuous breakthroughs are not unexpected to the market. Unexpectedly, Bitcoin is just blindfolded without callback.

In 2019, a bitcoin ETF made the whole market excited, but today, only two years later, who can believe that ETF didn't come, gray scale, Paypal, Tesla … all came.

Bitcoin's attention in the world today was put two years ago, who could have imagined it?

European and American capital markets continue to put "good news"
Many people must have seen the fundamentals of Bitcoin. Let's simply sort out these recent hot news events. Looking at the leopard, rather critical, can you see the "change taste"?

On January and February 14th, Counterpoint Global, the investment department of Morgan Stanley, was discussing whether to bet on Bitcoin. This means that the real leader-level Wall Street financial institutions, the main players of global finance, have shifted their perspective to Bitcoin, and the concept of Bitcoin as a digital asset has successfully entered the mainstream financial world. Compared with how many dollars Morgan Stanley will spend to allocate bitcoin, its social impact is far greater than this.

In February and January, Miami, the second largest city in Florida, uploaded the white paper on Bitcoin to the municipal website. In February, Miami Mayor Francis Suarez revealed on Twitter that he was studying to allocate some bitcoin to his municipal financial reserves. Meanwhile, the founder of Bitcoin Advisory tweeted that the US Treasury Department has held 70,000 bitcoins. Perhaps, starting from the municipal fund, going to the national sovereign fund and going to the central bank, this path will be much faster than the public imagined.

At the "Investor Day 2021" event, Jonathan Auerbach, Executive Vice President and Chief Strategy Officer of PayPal, said that PayPal will increase support for more customers around the world to visit cryptocurrency and digital cash during the year, which will make cryptocurrency a financing tool for millions of enterprises worldwide. That is to say, it is no longer far away for the public to buy cryptocurrency through PayPal, the international version of Alipay.

Coinbase, a US compliance exchange, announced its listing on NASDAQ, and Olaf Carlson-Wee, CEO of Polychain Capital, an encryption investment company, said that Coinbase's valuation exceeded USD 100 billion. As a result, mining machines, exchanges, investment and other cryptocurrency track leaders began to land in the US stock market, while non-cryptocurrency listed companies went crazy.

On February 9th, Tether (TEDA) issued 1 billion additional USDT in the wave field network. Paolo Ardoino, chief technology officer of Tether, said that this was an authorized but unreleased transaction, which meant that the amount would be used as inventory for the next issuance request. As of February 14th, the total market value of USDT exceeded 32 billion US dollars, about 32.013 billion US dollars. Tether continues to "print money", which may be the vane of capital admission.

Looking at the whole cryptocurrency market, since the beginning of the Spring Festival in China, almost every track, including DeFi currency, exchange platform currency, Chinese public chain currency, etc., has experienced a round of soaring. It is said by Weibo Big V that the cryptocurrency market is giving Chinese investors a new year's red envelope.
Looking back at history, bitcoin is sideways, and other cryptocurrencies are soaring. Then, the final result is either a collapse or a smart capital choice to return to bitcoin, further raising the historical high of bitcoin and completing the real bull market evolution.

Institutions tells Bull Market
As we know, Tesla announced that it would invest $1.5 billion to allocate bitcoin, and plans to accept cryptocurrency as the payment method. Elon Musk tweeted: One token rules everything.

Putting bitcoin into the balance sheet of Tesla, a large and influential enterprise, is not of the same order of magnitude as Musk's endorsement of this asset by buying bitcoin with his own money. Therefore, it's a bit speechless to see narrow cognition such as pulling the plate by dog, cutting leeks or strange conspiracy theories.

Tesla, as a constituent stock of Standard & Poor's 500 and Nasdaq 100, bears the idol-level enterprise expected by "the next Apple", and allocates nearly 10% of its cash reserve (now it should have exceeded 10%, when it was bought, it was 7%) to an alternative asset in the traditional sense, which is a nuclear bomb-level decision for Tesla, a heavy asset enterprise that is close to bankruptcy several times and regards cash as its life.

This decision involves a series of preparatory work, such as board decision-making, corporate governance, finance, auditing, legal affairs, taxation, etc. The time and energy needed before and after the decision can not be done by Musk alone. When MicroStrategy did this operation in the past, in order to unify the consistency of shareholders, it also provided a repurchase plan, that is, if there are shareholders who disapprove of this asset allocation decision, the company will provide repurchase. "

In fact, when Tesla announced the deployment of Bitcoin, some practitioners commented: Since then, the two worlds have been merged and no longer separated.

In cryptocurrency investment circle, practitioners, especially investors, often use Zhuang to imply some people's extreme control over the market. Obviously, this is common. However, it may be totally out of date to recognize and invest in Bitcoin as an asset subject. The result is likely to be empty.

Bitcoin, before 2020, most practitioners claimed it was digital gold, but not many people really believed it was digital gold. After 2020, when it really became digital gold, many people were afraid instead. I don't believe it.

As an asset, it is an indisputable fact that Bitcoin is entering the mainstream vision, but does this mean that Bitcoin will really enter the eternal bull market? Obviously, in a long period of time, even the biggest price fluctuation may become a smooth arc, but in a short period of time, even 20% fluctuation may kill many people