Did Bitcoin fall in December or continue its bull market? The ground floor brings new beliefs to businesses

Soak and soak

The recent cryptocurrency collapse has caused much concern in the Bitcoin market as it continues to record new lows as low as US $ 5.4 to at least US $ 53,511, making the cryptocurrency all-powerful. declining and affecting market demand.

According to data from My Token, market demand showed signs of panic due to market fluctuations, yesterday demand fell the most. Demand returned to 27 days, but market fears remain strong.

However, as the risk decreases further, so do opportunities, and many investors see the downside as a good time to buy below.

Sylvia Jablonski, CIO and founder of Defiance ETF, said in a recent interview with CNBC.Now is a good time to buy cryptocurrency.. “Specifically, BTC is a major buyer of cryptocurrencies up to $ 54,000,” he said.

Jablonski added that uncertainty over the next few days resulted in the average exchange rate rising to $ 58,000 or $ 48,000. He also said that inflation has started to subside due to the downturn in the financial sector as a whole. It is also said to give lower price now, some investors return to the market and raise prices. He stressed that the cryptocurrency market is not disappearing, as the strategy of meta-globalization continues. Cryptocurrencies such as Bitcoin and Ethereum must be traded globally, which creates the following conditions.Cryptocurrency is a good investment.

Anthony Scaramucci, founder of venture capital firm SkyBridge Capital, told CNBC:The Friday sale is a good time to buy crypto products and crypto assets, and the downturn is a good time to buy digital assets for a lower price.. Bitcoin fell 7.9% to $ 54,391 and Ethereum fell 9.1% to $ 4,066. "If you believe in the roots as long as we do, now is the time to buy them.. The volatility of Bitcoin and other cryptocurrencies keeps people away. It also erased some of the training effort and I think it went pretty well in the first trimester. "

In fact, the downturn in the market hasn't stopped Bitcoin users from expanding.

According to Glassnode data, there are 148,466 addresses with more than 10 BTC.It reached its highest level in 4 months.

Santiment tweeted that on Thanksgiving (November 25), the number of Bitcoin circulating in the network exceeded 200,000 for the first time in six months. And Black Friday (November 26), the circulation of BTC has become higher. Convenience is the key to cryptocurrencies, so this development is promising.

This shows that the Bitcoin market is preparing a lot after the price rise without affecting the growth of Bitcoin.

Increase acceptance of Bitcoin payments

The increased adoption of Bitcoin offers a guarantee of value for the future development of the market.

The real estate startup La Haus, supported by Bezos, accepts Bitcoin as a means of payment.

On November 27, Bloomberg News reported that La Haus, a Latin American real estate tech startup sponsored by Amazon founder Jeff Bezos' investment platform Bezos Expeditions, will receive Bitcoin for the real estate market. .

The first sponsorship would be a housing project in Playa de Carmen, Mexico. The Haus says it will eventually release a surplus of more than 80,000 assets for Bitcoin.

The company works with the Los Angeles-based OpenNode payment processor to enable cross-chain operations and the Lightning Network. The Haus acts as an intermediary, paying the sellers in fiat currency. The company has yet to decide how many bitcoin it will keep on its balance sheet.

The Haus also reportedly hired Jehudi Castro-Sierra, the former Colombian leader and adviser to the president, to be the leader.

Previously, La Haus has raised $ 150 million with the participation of venture capitalist Jeff Bezos, Acrew Capital, Renegade Partners, Kaszek Ventures, Nubank co-founders David Velez and TIME Ventures (a venture capitalist of the billionaire founder from Salesforce.com). Marc Benioff). has been completed. Gibbs.

By expanding the influence of Bitcoin and strengthening the consensusThe mayor of West Springfield plans to study whether cryptocurrencies can be used for payments and investments.:

On November 27, West Springfield, Massachusetts member Will Reichelt said the new Cryptocurrency Exploration Commission would study the potential of residents to use cryptocurrency to pay their bills in the city.

Reichelt also believes that it has the potential to be a cryptocurrency and that it can be a reliable long-term investment. He hopes the committee will hold its first meeting in December to discuss whether cryptocurrencies like Bitcoin should be part of the city's market.

Germany's new government also announced, for the first time, a joint venture agreement that saw access and blockchain technology as a pillar of its development.:

Germany's next government recently submitted for the first time an agreement to see cryptocurrencies and blockchain technology as one of the pillars supporting the country's development in the next four years.

The new government is committed to creating a digital nation and developing new technologies for cryptocurrency and blockchain technology. In addition, LDP chief Frank Schäffler noted that a key clause in the agreement contains permission for the publication of token products.

Changes in the inflation environment are precipitating further gains

However, in today's business environment, Bitcoin still comes with great risks.

Charles Goodhart, a researcher at the British Academy of Sciences and an expert in finance and finance at the London School of Business, said in an interview with Zhu Min, national treasurer and former vice-president of Tsinghua University. IMF President, # 会 年 会 2022 #: “Inflation is coming. In the near future, monetary policy has widened in the context of the recent epidemic. , and fiscal policy continues to expand in the West.This can lead to higher inflation, higher long-term interest rates, and lower short-term costs. Asset returns can be difficult in the future. "

Charles Goodhart noted in 1980, 1990 and 2020 that the prices of services and products were now deflationary. An increase in the return on investment is the result of an increase in inflation. Employees are falling, which will eventually lead to lower commodity prices. This is an increase in inflation and the recovery of assets and capital, it is the deflationary effect.

Inflation has increased and the workforce has more than doubled in the past. It must be taken into account that the women entering the industry are not women working full time. Future employees will triple, or nearly 20%. In the middle of this year, it was three times more than in the 1990s. In addition, in the context of the recent emergence of the disease, tax policy has broadened and tax policy has also expanded in West. This can lead to higher inflation, longer interest rates may rise, and shorter interest rates may fall. Asset returns can be difficult in the future.

Faced with the challenge of raising funds, Charles Goodhart reports:He expects central banks around the world to limit their legal debt to equity (QE) and most central banks to raise interest rates.. The problem with grants is that they have short term implications that can lead to a successful return on investment, but in the short term. An increased money laundering policy can improve the overall financial situation, especially the financial system of Western countries, and will help bring money down to second place. In many western countries, inflation will reach 4% in the future.

Rising currency will benefit cryptocurrencies and increase market demand for better hedging assets, but it could also create big problems if quantitative regulation is lifted.

Given the current downtrend in the market, it is difficult to predict whether the Bitcoin bull market will continue this year. Bitcoin's outlook for $ 100,000 is only confirmed over time.

On November 28, FTX founder SBF said in a recent interview with Kitco News that these are MEMEs (real memes). When asked if December was the last bull market, SBF said he couldn't predict the future, but there would be more crashes and a bull market.When there is a conflict, he said, operations with trusted clients and key users are more likely to survive, and hype-based projects such as memecoins are often the most common issues..