Once the currency is reopened, Bitcoin will rise faster than US stocks and will be stronger than other asset classes.

The former U.S. Treasury Secretary said that the Fed's tightening policy will have an impact on the U.S. economy. Historical data shows that when the inflation rate is higher than 4% and the unemployment rate is lower than 4%, there will be an economic recession within two years. At the same time, he believes that the Fed has no tools to solve this problem. This is what the former Treasury Secretary said, and we have to take it seriously. People who have personally experienced and served as leaders should be more reliable than some professional financial institutions. The two are not on the same level. Therefore, the U.S. economic recession will come in the next period of time, and the bull market in the U.S. stock market will be difficult to sustain. For the crypto market, it is still an incremental adoption period, so it is only a matter of time before the correlation with the U.S. stock market decreases. Regardless of the U.S. economy, the crypto economy will continue to grow. The next few years will still be a bonus period, a vast blue ocean.

The mayor of Miami played a role as a Bitcoin evangelist at the World Economic Forum in Davos, Switzerland, explaining how Bitcoin affects the lives of many people and arguing that Bitcoin has the potential to be a global currency and provides an opportunity for democratization. The mayor personally provided Bitcoin with an opportunity to appear in politics and business, and is one of the few political evangelists.

ARK reported that although Bitcoin has experienced nine consecutive weekly declines in history, overall holders are in a profitable state, the fundamentals on the chain are still strong, and the open interest in the futures market exceeds 450,000, a record high. From ARK's continuous increase in Coinbase positions, we know that they are optimistic about the future of Bitcoin and cryptocurrencies. In a deserted market, whether you can hold on depends entirely on your understanding of investment. If you are still optimistic about the future of Bitcoin, just lie down.

International shipping company Cl International Fuels accepts cryptocurrency to pay for fuel costs. It is another resource company doing cross-border business that has chosen to embrace it. Cryptocurrency payment does have great advantages for cross-border payment, with low cost and fast speed. Why not? Now many professionals believe that when the Fed reverses its policy direction, Bitcoin will soar. Bloomberg's commodity strategist said that when inflation subsides, Bitcoin will be the best asset. Macro analyst Lyn Alden believes that when the Fed is no longer hawkish, Bitcoin will rise. This is basically the consensus in the industry. Once the currency is reopened, Bitcoin will rise faster than US stocks and stronger than other asset categories. This has been proven many times in the history of Bitcoin.

Panic 10, extreme panic.

Coin News:

Bitcoin: After a night's sleep, the price of Bitcoin has hardly changed. Volatility remains the main theme of the past two days. After the opening of the U.S. stock market, the probability of a downward trend is still relatively high. Therefore, you can wait for opportunities before the middle of the month. If a new low can be achieved as expected, it will be a good point to add positions.

ETH: The exchange inventory hit a 6-month low, the selling pressure is not great, the number of sending addresses hit an 8-month low, on-chain activities began to decline, and Bitfinex perpetual contract holdings hit a 14-month low, indicating that contract investors have also surrendered. This is the freezing point of Ethereum . After bottoming out below 2000 in the future, it will usher in a wave of trend recovery, and will still be linked to Bitcoin in the short term.

APE: The proposal to keep APE in the Ethereum ecosystem received 92% support. It seems that APE's migration plan will automatically become invalid. Those public chains that have been queuing up to eat into its ecosystem have no chance. The news has little impact on the coin price, but it illustrates the status and value of Ethereum in people's minds.

GMT: After the news of clearing out Chinese users came out, the growth rate fell sharply. As a result, a new low for GMT has basically become inevitable and we will no longer participate.