BTC Future Development Trend
Hello everyone, my name is Cuihua, the editor of POWPOWER, POWPOWER has been focusing on the mining area for 4 years, is the official distributor of IPollo, and has established long-term partnerships with Bitmain, Avalon, Jas miner, inno, Whatsminer and Goldshell. Today, let’s take a look at the future development trend of BTC
First of all, from the overall point of view, BTC is currently in a high and wide-ranging trend. There is strong pressure above and it has not been able to go up, but it is also hesitant to go down. Often a wave of falling below the trend has just appeared, and then pulled again. went back. Before the implementation of digital currency, there was no organization or group that wanted Bitcoin to collapse. The benefits of Bitcoin’s rise far outweighed the disadvantages.
Everyone knows that digital currency is good. The advantages of digital currency are as follows:
1. Reduce the difficulty of supervision: paper money has the risk of money laundering, and supervision is very difficult. The issuance of digital currency can effectively reduce the risk of money laundering and reduce the difficulty of supervision.
2. Reduce costs: The cost of printing, casting, storage, transportation, and anti-counterfeiting of banknotes and coins is very high. Digital currency will effectively reduce the cost of these aspects.
3. Promote the process of internationalization of sovereign legal currency: whichever country issues digital currency first will have the opportunity to gain a leading position after the hegemony of the US dollar.
With the increasing popularity of BTC, the cryptocurrency is now slowly replacing gold as a reserve asset. While BTC appears to be stuck near $58,000, Bloomberg believes that BTC is simply stalling ahead of the next phase of the rally. “Its 20-week moving average crossed $40,000 for the first time,” the report said. “Tie a downtrend in the broader market, as measured by the Bloomberg Galaxy Crypto Index against Bitcoin prices.” Bloomberg Intelligence at “Visa, Goldman Sachs and Morgan Stanley are particularly supportive of the digitization of money, supporting the process of Bitcoin replacing gold as the world’s digital reserve asset,” wrote the Cryptocurrency Outlook report released on Tuesday. “Over the past few years, this has This situation has shifted the focus of our 2021 analysis from broader fundamental and on-chain metrics to more technical indicators.”
The big trend of Btc is an upward trend!