Although Bitcoin made a Super Big bounce that day, it returned to $40,000 in the following trading days, but the trend center of gravity in recent days is now moving down. From the morphological point of view,1May 9 13000 USD is like a stilt, which is difficult to support the future trend of Bitcoin.
In the face of people's doubts about Bitcoin, the favorite thing for those fans is to turn out the historical high after each bitcoin adjustment and tell everyone that Bitcoin does not accept bearish. But the development of things is dynamic. If you really put Bitcoin in a more subversive background, all the conditions have quietly changed. In other words, there are not many happy days, regardless of US stocks or Bitcoin.
Many people may wonder, since virtual currency is so risky and there is no actual government endorsement, why does a highly mature financial market like the United States tolerate such speculation very seriously? The answer is because the existence of this virtual market is very beneficial to its interests. Step by step, you will find that it is not a bunch of peripheral speculators, but some so-called "stabilizers" in this chain.
In fact, the virtual currency market is still not completely "virtual", it is still manipulated by people, because in the trading chain of virtual currency, the United States ambushed its own people, that is, USDT (TEDA currency).
This TEDA currency is a virtual currency that links cryptocurrency with legal tender dollar, which is the so-called "stable currency" introduced by Tether Company. What do you mean? It is this company that issues dollar tokens according to the reserve of 1: 1. Investors who want to trade virtual currency need to change their legal tender into this TEDA currency before they can trade other virtual currencies with TEDA currency.
But here's the problem. Although the company said that the virtual currency USDT they issued was for blond hair, it was not a regulated issue, that is, when the "profit" was large enough, it could be bounced back. Including not preparing blonde hair as promised and not taking back virtual currency as promised, so this "stable virtual currency" may eventually become the most unstable currency.
In July 1944, 1, 44 countries held an important financial conference in Bretton Woods, New Hampshire, USA, and determined the international monetary system centered on the US dollar, namely the Bretton Woods system. An important part of this system is to set the price of dollars and gold at $35 per ounce, and the countries in the system will convert dollars into gold according to this ratio. One of the main contents of this system is that the United States needs to take 73.4% of the world's gold reserves as its guarantee for issuing dollars. However, due to the belligerence of the United States in wars such as the Vietnam War, the balance of payments deteriorated and the gold reserves were greatly reduced. Finally, it is necessary to stop the exchange of US dollars for gold in 197 1 year while ensuring its own interests.
Therefore, there is no need to overemphasize the trust spirit of these American companies. At that time, the United States could also violate the contents of the Bretton Woods agreement and stop the exchange of dollars for gold, which eventually led to the complete collapse of the system. Who can guarantee that the current virtual USDT currency will not repeat the same mistakes?
In the foreign exchange market, RMB has now entered the normal appreciation channel. For virtual currencies such as USDT, the biggest natural enemy is legal tender. The premise of "bad money drives out good money" is based on the asymmetry of money information, but when good money is released, bad money is vulnerable.