💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
US Q1 GDP -0.3%, indicating signs of economic recession, which is not a good thing for a country's economy. Consumption is weakening, and PEC is increasing inflation which is starting to rebound. Overall, it's unfavorable. US stocks are also starting to go down. 10-year Treasury bonds are facing dumping! The VIX index is also starting to rebound!
Next, let's see whether the micro strategy and ETF can buy the pie hard, if you can buy hard, the pie can hold up, and if you can't buy it, you have to welcome the pullback.
Panic has set in, and gold has started to rebound again.
Move less and observe more, it's not suitable to enter the market now.
The best is yet to come. Stay tuned!