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Gold has hit a new high again, and the bull market has lasted for more than a year.
With investors prioritizing stability and the sluggish crypto market, Bitcoin is not competing with gold.
This halving, besides the poorly told story of the crypto ecosystem failing to entice people to participate, has also been plagued by a series of negative news stories. These include reports of a shady character's Bitcoin being hacked, a whale's Bitcoin being confiscated, and today, news broke that police in Zhangjiajie and Henan provinces seized over 100 Bitcoins from a Shenzhen IT worker. In Zhangjiajie, over 40 million RMB was cashed out, while in Henan, 80 Bitcoins were confiscated.
On Polymarket, the probability of gold rising back to 100,000 is decreasing, while the probability of Trump taking Greenland is increasing. Gold is likely to remain firm for a long time, and Bitcoin cannot be replenished in the short term.
The basic narrative of "a new Swiss bank, digital gold, guaranteeing the inviolability of your assets" is also somewhat weak.
😂It's so tough, when will things finally get better?

Watcher.Guru
@WatcherGuru
01-19
BREAKING: Gold reaches new all-time high of $4,650


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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