💰 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
The BTC at 96,000, is it the horn of a bull run or the dead cat bounce of a Bear Market?
After going through the baptism of the past few months, many people have long been disheartened. As the market warms up, it seems that everyone has seen hope again. However, I would like to kindly remind you not to be too fomo, as there is no instant bull run.
Currently, I personally think it's just an oversold rebound. The market's funds have a positive expectation towards Trump's policies, but given Trump's nature, no one can guarantee whether he will pull any tricks.
This round of the entire crypto world is really magical. I guess aside from holding BTC, other long-term holders of small-cap coins are all in a state of floating loss.
I personally believe that the current market situation is driven by various policy benefits of BTC. At this historical moment, the liquidity of the US dollar still faces a relatively scarce state, and the market share of BTC is also reaching new highs.
A truly vibrant bull run must be facilitated during the dollar expansion period and in conjunction with interest rate cuts. Only when there is enough dollar liquidity in the market can financial games continue to ferment, and that day will surely come.
Before this, we can only wait patiently.