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Bitcoin hit a record high of $48,000. What is the main reason why Bitcoin keeps breaking records?
Prior to this, the highest price of Bitcoin was $65,438 +0880 1 set in February 2007. The rise of Bitcoin has always been the focus of many participants in the currency circle. This year, the rise of Bitcoin has indeed aroused widespread concern in the market. Bitcoin prices soared from a new low to a new high, with an increase of more than 450%. This increase is really terrible. The reason is that the impact of the epidemic and the need for hedging have increased significantly under the opening of the entire monetary policy. This factor is also a very important driving force for the recent surge of Bitcoin.

In fact, most retail investors are not as happy as they thought. Basically, all they take are counterfeit money, or most of them are empty. And most people are still watching this market. I wonder if this big rise will be a precursor to another big drop. Although it has broken through the $20,000 mark, in fact, most people have not dispelled their attitude towards market uncertainty. Affected by the epidemic, in order to stabilize the economy as much as possible, everyone began to get out of hand. The real economy is affected by the epidemic and the investment value is missing. At this time, the scarcity of Bitcoin has become a relatively high-quality investment vane for investors!

At present, China has also begun to accelerate the promotion of digital RMB. In a sense, this also gave digital currency the default support, gave institutions great confidence, and made some institutions boldly buy Bitcoin as a stored-value asset. Although the advantages of Bitcoin are very strong at present, I suggest that you try not to chase too high. Even after them, at least don't step on the air. The trend is big, and the daily limit is not closed. In a bull market, this is the most basic common sense.

Most retail investors started to get on the bus in this bitcoin callback, which will inevitably lead to some concerns. Many people suffered heavy losses in the last plunge. Even if they broke through the $20,000 mark this time, they were still a little scared. There are indeed many bitcoin speculators, but on the road of speculation, the biggest problem at present is that institutions hold a large number of bitcoins, which has promoted the rise of bitcoin. However, retail investors don't have much bitcoin. In this historic market, we should clearly realize that even in a bear market, some people will make money, while in a bull market, some people will always lose money. Moreover, in the bull market, it is the main reason for the losses of ordinary currency investors. Don't think that you can make money when a bull market comes. Everything is just data, and it is safe.

Faced with the current market situation, it's hard to say. At present, there are very few retail investors who get on the train at low prices, and they basically participated in a price range earlier with me. At present, basically everyone has earned this price range. For those retail investors who just got on the bus, they are actually cheering and worrying. This breakthrough in Bitcoin has little to do with retail investors. Retail investors can only watch silently, because the bull market is coming. Now that the investment threshold of Bitcoin is so high, retail investors don't have much will. Even if it rises well, it is also an institutional party, and retail investors can only silently shed tears of regret.