Don't listen to what they say, look at what they're doing
Indeed, the current Crypto market relies too much on the claims of others. Yesterday, after Elon twitter broke up with #bitcoin then #BTC DUMP. And then Justin Sun the creator of TRC blockchain was saying he will buy any bitcoin elon musk wants to sell then BTC price recovered again.
And don't bother too much with Tweets anymore, the upcoming SEC may interfere with Elon Musk Tweet. Learn more 1 _ 2
In this post I will list some facts that we must look at, instead of relying on the feelings of some individuals.
First, let's take a look at bitcointreasuries.net of companies globally that have held more BTC over the past 1 month.
Specifically, the amount of Bitcoin held by companies globally from May 1, 2021 to June 3, 2021 increased from 1,427,441 BTC to 1,685,283 BTC. This is equivalent to raising holdings from 6.80% to 8.03% of the total Bitcoin supply, or an increase of nearly 15% within a month.
Looking at this metric, I feel like they're trying to push the market down to buy. 😂😅😅
Next, let's come to bloomberg's analysis. Accordingly, the probability of BTC reaching a price of $100,000 this year is much higher.
Moreover, the USD is also inflationary, the US is printing money to preserve the value of assets. Crypto is an option that is sure to be among the choices of financiers.
Next, remember the speech of the Mayor of Miami, Florida Francis Suarez at the end of March.
“People come here and start realizing that there’s way more tech talent than they thought,”
And he actually invested in BTC and ETH. The future is quite clear for Crypto, even if it is negated by some countries, there will be pioneering lands to become No. 1.
And last May 31, 2021, the Central Bank of India directed Indian banks to continue supporting Crypto customers and the previous cease-and-desist order was "no longer valid". See more .
There is and much more good news, especially the dizzying rise of ETH funds and the net buying of whales. You can check these news on my Dbuzz. But I will end this article by reviewing an event that I think is particularly important. That is, stablecoins have never been printed as much as they are now. Also, the average amount of stablecoin inflows across all exchanges hit a two-year high.
See more here & here
Finally, I just wanted to convey that further. Don't let someone's good shot influence your decision too much. See what people are doing? Are you scared when people are scared? Are you greedy when people are greedy?
It's hard, but I wish you and I will make good decisions for the future. I believe in the future of Crypto, how about you?
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