💰 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
Everyone is waiting for tonight's US Non-farm Payrolls (NFP) data. Let me analyze it for everyone. If the NFP data is better than expected, it proves the economy is doing well, which will increase investment, usually resulting in a small surge in the stock market. When the stock market rises, Bitcoin tends to rise as well. If the data is poor, investors will reduce their investments and turn to safe-haven assets like gold and Bitcoin. Generally speaking, if the data is good, the stock market rises, and Crypto Assets follow suit. If the data is bad, funds flow into safe-haven assets like gold and Bitcoin, and they also rise!