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Bitcoin🪙 serves as an investment that can offset market risks⚠️ associated with negative-yielding assets. Purchasing Bitcoin is one of the few asymmetric investments available to the general public🙆‍♂️. The concept of “asymmetric investment” entails the potential for significant gains while risking only a small portion of one’s total assets.

This means that by allocating a small percentage of total assets to Bitcoin🪙, individuals can potentially replace heavy positions in high-risk markets such as stocks📊, thus exposing themselves to smaller risks.

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Since the 2008 financial crisis🚨, central banks🏦 around the world have injected unprecedented amounts of new funds into the global financial system. This has directly resulted in significant disparities❌ in wealth distribution, which have gradually evolved into severe systemic risks.

In this scenario, the emergence of new asset classes represented by Bitcoin🪙 seems to have become the only safeguard💯 for the normal income class in the face of this potential crisis. Through years of observation and research, Bitcoin is becoming increasingly important. It is not just an emerging investment tool📊; it is now comparable to traditional safe-haven assets like gold🧈.

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Most people failing to see the value of Bitcoin🪙 is typical; every era transition brings products and opportunities🎁 for financial freedom.

From its inception to its historical high of 💥$69,044 in November 2021, Bitcoin🪙 has the potential to enable financial freedom if acquired at the right time. Unfortunately, few have been able to achieve this, and even fewer have noticed🤔 that Bitcoin has quietly stood shoulder to shoulder with greatness👑.

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More institutions are gearing up to accelerate their entry🛒 into the Bitcoin market, which signifies a mainstream shift🌐.

The fact that Bitcoin🪙 has amassed a market value💰 of several hundred billion dollars is proof enough that people are indeed buying it, contrary to popular belief.

While some may have initially viewed Bitcoin as unconventional or fringe, traditional financial institutions🏦 are now rushing to join the fray, indicating that Bitcoin has been steadily advancing✨ all along.

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Bitcoin has a short history of development but holds significant future potential. Initially disregarded as an asset💰 for trading, it endured numerous doubts🤔 before reaching its current status. In the financial market, its current achievements are already impressive🤑.

Moreover, mainstream financial institutions🏦 on Wall Street wouldn‘t be rushing into the cryptocurrency market if Bitcoin🪙 lacked substantial expectations.

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Bitcoin🪙 was “born” in 2009, but its underlying technology, blockchain, is not the latest. Blockchain🌐 technology encompasses decentralization, tokenomics, and cryptography, all of which are “old concepts.” However, it was in 2009 that this product emerged, and after a decade of development, it has become a high-quality👍 financial asset💲 in people’s eyes.

Bitcoin🪙 emerged in response to the needs of the time. Whenever a turning point🔄 in history arrives, corresponding products emerge. Bitcoin represents the direction of future currency💰 development.

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In a hundred years, when a new list of the greatest modern designs emerges, whether Bitcoin🪙 still exists, receives full recognition, remains on the list, or claims the No.1 spot is uncertain📋.

These outcomes are difficult to predict, but what Satoshi Nakamoto left behind is not just the representation of blockchain technology🌐 through Bitcoin. The more profound significance lies in the inspiration for future generations: the emphasis on individual privacy, absolute control and protection of personal assets💰, and the exploration of decentralized organizations.

With the birth of Bitcoin, an increasing number of digital assets have emerged, evolving and improving continuously. Whether these digital assets🔢 can successfully disrupt traditional industries🏦 and change people’s lifestyles is still too early to determine, at least for now.

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We are accustomed to calling Bitcoin🪙 digital gold🧈, although its safe-haven properties have not fully manifested, it shares similar traits with gold:

(1) Limited Supply: Similar to gold🧈, Bitcoin🪙 is scarce, with a total supply of only 21 million. If we consider the portion of Bitcoin permanently lost😱 due to lost private keys, the actual circulating supply of Bitcoin in the future will be much less than 21 million.

(2) Hard to Obtain: The term “obtain” here refers not to direct trading and purchase but to mining⛏️. Gold is challenging and costly to mine. Similarly, ordinary individuals are almost unable to mine Bitcoin using personal computers💻.

(3) Valuable: Gold🧈 is internationally recognized as a safe-haven asset, and every country🌍 maintains its gold reserves. Bitcoin, starting from virtually no value and reaching a peak of $69,000💰 per coin, signifies increasing recognition of its underlying value by more people.

At the same time, compared to gold🧈, Bitcoin🪙 is more convenient, divisible, and has strong anti-counterfeiting properties. Although it currently lacks any advantage over gold in terms of value stability, it must be acknowledged that Bitcoin has become a choice for some people as a hedge.

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From most of the speculations and interpretations by later generations, Bitcoin🪙’s entire journey from its initial design to its birth is filled with dissatisfaction with the traditional financial system. In the Bitcoin whitepaper📝, the word that frequently appears is “trust,” as trust forms the foundation of everything.

Keeping money💰 in a bank is based on trust in the bank. When the brand of the bank is recognized enough, people might purchase some financial products from the bank🏦. However, this traditional strongly centralized financial system overly relies on third parties, and individuals don’t have 100% control over their assets.

After witnessing the 2008 financial crisis🚨, the headline from The Times in 2009 on the genesis block, “Chancellor on brink of second bailout for banks,” left by Satoshi Nakamoto raises questions. Was it intentionally done, or was it simply a record🎥 of what was happening at the time? This remains a curiosity and subject of debate among later generations.

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The Bitcoin🪙 whitepaper is one of the most groundbreaking works in the field of computer science in the past 20 or 30 years. Satoshi Nakamoto created Bitcoin, but did not prescribe a specific development direction for it, and no one can stop it from running🙅🏻‍♂️.

From Satoshi Nakamoto’s creation to the present, the underlying code protocol🌐 of Bitcoin🪙 has not undergone significant changes. A large distributed ledger📝 system is maintained by people from around the world, and the main network of Bitcoin has been running smoothly.

Throughout its existence, it has developed spontaneously according to the initially set principles and has gained increasing recognition, spreading💃 among people like a poem🎶, gradually becoming widely known and circulated.

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Bitcoin🪙 has become the king👑 of exchange-traded funds, with its daily trading volume surpassing 99% of exchange-traded funds. This indicates the increasing📈 popularity of Bitcoin in the global trading market.

The sharp rise in daily trading volume💱 of Bitcoin exchange-traded funds reflects the growing interest of investors in digital assets and the widespread acceptance of Bitcoin as an alternative investment💻. This data shows📊 that Bitcoin is gradually becoming a part of the mainstream financial market, bringing more opportunities and recognition to the cryptocurrency market. With Bitcoin’s increasing popularity globally🌍, its position in the traditional financial system is expected to further consolidate.

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Bitcoin🪙 exchange-traded funds surpass silver🥈, becoming the second-largest exchange-traded fund in the United States.

The rise of Bitcoin🪙 exchange-traded funds in the cryptocurrency market indicates the growing interest of investors in digital assets. Its position surpassing silver reflects the gradual recognition of Bitcoin as an investment tool in mainstream financial markets, attracting more traditional investors👨‍💻 into the crypto space and further integrating Bitcoin into the financial system🌐.

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In Europe, Bitcoin🪙 is legal in the United Kingdom. Throughout the European Union, it is generally considered legal👨🏻‍⚖️, but individual EU countries have different regulations and rules regarding the recognition of Bitcoin as currency💶, trading practices, and taxation.

In the Asia-Pacific region🌏, attitudes toward Bitcoin vary widely and change rapidly. Bitcoin🪙 is legal in countries such as Japan, Singapore, and Australia. However, in China, one of the world’s largest economies, Bitcoin has transitioned from being strictly regulated in the past to being completely banned🛂 at present.

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Bitcoin in South America🌎

In Brazil and Chile, there are no regulations or restrictions regarding the ownership or trading of Bitcoin. Argentina🇦🇷 allows the use of cryptocurrencies as a medium of exchange or a store of value, but they are not considered legal tender💵.

In Venezuela, Bitcoin mining🏭 was legalized in 2018, while in Bolivia and Ecuador, it is completely prohibited. In El Salvador, not only is Bitcoin legal, but the country also became the first in the world to designate Bitcoin🪙 as its official currency.

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Bitcoin🪙 is legal in the United States, Canada, and Mexico🌍; however, there are regulations specific to cryptocurrency. For instance, in the United States, to curb money laundering and other illegal activities, exchanges are required to collect personal information from traders, eliminating the anonymity of cryptocurrency.

While cryptocurrency🥇 is legal in Canada, it is not considered legal tender💶. Canadians holding cryptocurrencies in offshore accounts still need to comply with Canadian regulations and taxation🛃.

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In a recent report, Wall Street giant Morgan Stanley analyzed that the rise of digital assets like Bitcoin🪙 could disrupt the long-standing dominance of the US dollar in the global economy🌐. The report states that Bitcoin, with a 15-year history, has initiated the digital asset movement, estimating that there are approximately 106 million Bitcoin holders globally🌎 by 2023.

Companies like Tesla🚗 incorporating Bitcoin into their balance sheets and El Salvador adopting Bitcoin as legal and reserve currency💰 signify a crucial step in national-level acceptance. Additionally, the approval by U.S.🗽 regulatory agencies this month for BlackRock and 10 other asset management companies🏢 to offer spot Bitcoin exchange-traded funds marks a potential paradigm shift in the global recognition and use of digital assets.

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GBTC, a mainstream🌐 avenue for investors👨‍💻 to participate in Bitcoin, has seen a significant outflow of funds, reaching a record high of $890 million in net redemptions over the past week.

This massive redemption has led to a sharp decline📉 in the price of Bitcoin, raising concerns in the market. Investors are worried that the continued redemption pressure from GBTC could have a negative impact on Bitcoin🪙. The premium level of GBTC has dropped to a negative value, reflecting strong market demand🛒 for its sell-off.

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MicroStrategy CEO🕴 Michael Saylor recently sold MicroStrategy stocks📲 in his personal capacity, sparking market attention. Saylor claims this move is to acquire more Bitcoin🪙 investments. This has led to investors questioning their confidence in him, and the MicroStrategy stock price has consequently declined.

Despite Saylor’s insistence that Bitcoin🪙 is a long-term investment, investors👨‍💻 are expressing concerns about his asset allocation strategy. MicroStrategy has been a prominent stock📊 in the cryptocurrency market, and Saylor’s stock sell-off has triggered speculation about the company’s future trajectory.

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Bitcoin🪙 is less than 200 days away from its next halving. The Bitcoin halving🚫 is a programmed algorithm that occurs approximately every four years, reducing the mining⛏️ rewards for Bitcoin each time.

The halving leads to a reduction⬇️ in the new Bitcoin supply, contributing to maintaining Bitcoin’s scarcity. In addition, market observers🕵🏻‍♀️ point out that historical halvings have typically been accompanied by increases📈 in Bitcoin prices. The market generally believes it could be a significant catalyst for driving Bitcoin prices higher.

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The approval of the Bitcoin spot exchange-traded fund mechanism could lead to positive market trends, marking a significant milestone for the Bitcoin🪙 market. The approval of the Bitcoin spot ETF is expected to attract more institutional funds💰, driving up📈 the price of Bitcoin.

Furthermore, the market can more easily invest through the spot ETF without the need to directly hold or store🛒 digital assets. This convenience is likely to attract more traditional investors to enter the Bitcoin market. The current market sentiment is positive, with most investors👨‍💻 maintaining an optimistic outlook on the future performance of Bitcoin🪙.

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The U.S. government🗽 holds over 210,000 bitcoins🪙, with a total value exceeding $10 billion, making it a potential major beneficiary🤑 of the approval of the Bitcoin spot exchange-traded fund.

This discovery has drawn attention as the government’s substantial Bitcoin holdings could directly benefit💰 from the approval of the ETF. The Bitcoin spot ETF is considered a crucial factor in driving widespread adoption of Bitcoin🪙, and expectations for its approval among investors👨‍💻 have been high.

The government’s Bitcoin holdings indicate a growing acceptance of digital assets by traditional institutions🏢, which could accelerate the development of the Bitcoin market🌐.

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BlackRock has successfully provided initial funding💰 for its Bitcoin🪙 spot exchange-traded fund, seen as a crucial step towards obtaining regulatory approval for an ETF. This move may play a key role in advancing the path🛣️ to regulatory approval for a Bitcoin ETF.

BlackRock’s actions indicate a growing interest from traditional financial giants🗿 in the crypto space, potentially injecting more funds into the cryptocurrency market. This is crucial for the mainstream acceptance and maturity of the cryptocurrency🌐 market.

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The Bitcoin halving🚫 event this year is considered a bullish factor expected to drive its price higher📈. Bitcoin🪙’s supply is halved approximately every four years, and this halving is scheduled to occur in April or May of 2024.

The halving event reduces the supply of Bitcoin, creating scarcity and sparking demand among investors👨‍💻 for the digital gold. Analysts point out that historical data indicates a significant price increase for Bitcoin typically occurs around the time of halving events. Therefore, the current market is filled with optimistic predictions about the potential for Bitcoin🪙’s price to rise before and after the halving🚫 event.

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Cryptocurrency enthusiast Arthur Hayes😎 predicts that Bitcoin🪙 will experience a 20% to 30% decline in early March 2024. He believes this adjustment🔄 is necessary due to the recent rapid increase in Bitcoin prices.

He points out that despite Bitcoin🪙’s remarkable gains in the past few months, corrections are inevitable in volatile markets. Despite the downside📉 risk, Hayes remains optimistic🤩 about the medium to long-term prospects of Bitcoin and suggests seeking trading opportunities amid market fluctuations.

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A survey conducted by Bitwise reveals that 74% of U.S. investment professionals👩‍💻 believe the SEC will eventually approve✅ a Bitcoin exchange-traded fund. The survey includes participants from various groups such as investors, financial advisors👨‍💼, and institutional investors.

Additionally, 64% of respondents believe that if the SEC🗽 approves a Bitcoin ETF, it will have a positive impact on the price of Bitcoin🪙.

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Previously, the SEC🗽 had concerns that the Bitcoin market might not be able to prevent fraud and manipulation, leading to the delay of decisions on ETF applications from major players🗿. However, the latest news📢 indicates that the SEC has addressed these concerns and may approve both ETFs in the coming weeks.

This could be a significant positive development for the Bitcoin🪙 market, providing more avenues for institutional investors👨‍💻 to participate in the market.

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The price of Bitcoin🪙 may rise or fall based on the SEC‘s decision on the Bitcoin spot ETF. The SEC🗽 plans to approve the spot Bitcoin ETF between January 5th and 10th, 2024.

This decision is seen as a market catalyst that could drive the price of Bitcoin. Investors👨‍💻 eagerly anticipate approval, opening new participation channels for institutions and retail investors. However, if the SEC🗽 delays or denies approval, it could trigger market uncertainty and have a negative impact on the price of Bitcoin🪙.

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The Bitcoin🪙 is predicted to soar to $50,000💵 in January 2024, attributed to its outstanding performance💪 in 2023, with a remarkable surge of 128%.

The bullish forecast for 2024 is based on two✌️ key catalysts: first, the planned launch of the Bitcoin spot ETF in early 2024, expected to attract a significant influx of new capital; second, the upcoming Bitcoin halving🚫 event, which will reduce the supply of new Bitcoin🪙 in the market.

This combination is anticipated to drive an upward📈 trend in Bitcoin🪙 prices, presenting new opportunities for investors.

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In the predictions of pessimists and naysayers🙎‍♀️, Bitcoin🪙 has been declared dead more than three hundred times; however, in the eyes of optimists, Bitcoin, as a technology🌐 that won’t naturally disappear, has been around for several years, and its expected lifespan may be even longer.

Today’s Bitcoin🪙 resembles more of a symbol of humanity’s constant pursuit of freedom and ideals. In the hearts of steadfast believers🙇‍♀️, Bitcoin remains a symbol of the era adorned with the halo of liberalism🗽.

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The characteristic of being issued without relying on central authorities🌐 and globally circulating eliminates people’s trust issues with governments and banks🏦, providing a convenient and fast remittance method.

From a historical perspective, from ancient shell🐚 currencies to metallic currencies and later to paper money, the issuance of currency has been a process gradually centralized from individuals to governments. The emergence of Bitcoin🪙, however, breaks this pattern. It decentralizes the issuance of currency to every miner⛏️ participating in the proof-of-work mechanism. The low-latency, low-fee transaction attribute also breaks the drawbacks of traditional remittances, opening up a new approach for cross-border remittances🤳.

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