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Cryptocurrency News Video

Cryptocurrency boom: Opportunities and risks coexist: Bitcoin price surge, Meitu cash out and Alipay promotes cryptocurrency funds

Dec 12, 2024 at 11:39 am 货币交易Oziter

★Open Sesame Exchange: https://www.gateio24.com/signup/BESTCOIN?ref_type=103 Open Sesame Invitation Code: BESTCOIN (Permanent Transaction Fee Waiver) Open Sesame Gate.io is the fastest and most listed new currency Currency exchange. Register to get 25USD newbie reward and up to $5500 trial bonus ★BitGet exchange: https://partner.bitgetapps.com/bg/BESTCOIN Bitget invitation code: wmnu2509 (permanent transaction fee reduction) Ranked among the top ten in the world, with the most Rich contract trading products, the first platform with USDT long and short two-way contracts, and the contract currencies above are also the most complete among all virtual currency exchanges. ★Binance Exchange: https://www.binance.com/join?ref=AA2DENCB Binance Invitation Code: AA2DENCB (Permanent transaction fee reduction, the highest discount on the entire network, saving your transaction costs). Binance Binance is currently the largest cryptocurrency exchange in the world. ★Bybit Exchange: https://partner.bybit.com/b/BESTCOIN Bybit invitation code: BESTCOIN Unlock exclusive rewards! There are also rewards of up to $6045 USDT waiting for you to claim ★Oyi Exchange: https://okx.com/join/91127434 Oyi Invitation Code: 91127434 Oui okx is the most popular old virtual currency exchange among Chinese people. ================================================== === ✦Exness foreign exchange dealer: http://www.forextea.com/go/exness_cn.html ✦ICmarkets foreign exchange dealer: http://www.forextea.com/go/icmarkets.html ✦RoboForex foreign exchange platform: http ://www.forextea.com/go/roboforex.html Recommended best foreign exchange trading platform: http://cn.forextea.com ==================================== ==================▬ Hello everyone, welcome to today’s Cryptocurrency Daily. Recently, the cryptocurrency market has been in the spotlight again, so let’s take a look at what’s going on. First of all, the price of Bitcoin reached a new high, breaking through the US$70,000 mark, and even approached US$100,000. This round of gains has attracted widespread attention, but it has also brought a lot of controversy. Xinhua News Agency made a rare statement, warning of the risks behind Bitcoin's "surge". They pointed out that large institutional investors control more than 60% of the circulating supply of Bitcoin, and the operations of these "crocodiles" may have a huge impact on the market, putting ordinary investors at a disadvantage. At the same time, Meitu is also making huge profits from this market. They invested approximately US$100 million in buying Bitcoin and Ethereum in 2021, and recently took advantage of the rising prices to decisively liquidate their positions and make a profit of 570 million yuan. This revenue even exceeds the company's profit for all of 2023. Meitu's move is seen as a signal of "returning to its main business". They plan to use the funds to expand their image and design product business, especially subscription services. Interestingly, just when the cryptocurrency market was so hot, Alipay users in mainland China discovered that advertisements for cryptocurrency funds appeared on the homepage of the platform. This fund, called "Huabao Overseas Technology C", mainly invests in ETFs managed by ARK Investment Company, including Bitcoin spot ETFs. The slogan "Global investment, cryptocurrency soaring, investment starting from 10 yuan, get on board now" is quite attractive. However, the daily purchase limit of 1,000 yuan per person seems to be controlling risks. So, faced with such a complex market environment, how should ordinary investors respond? Thomas Peterffy, the founder of Interactive Brokerage Group, gave a suggestion: you can invest 2-3% of your net worth in Bitcoin. He believes that despite Bitcoin's high volatility and lack of intrinsic value, it may be wise to hold some Bitcoin given the growing interest. Overall, the cryptocurrency market presents both opportunities and risks. On the one hand, we see huge profit potential; on the other hand, the highly leveraged and speculative nature of the market also brings huge risks. For ordinary investors, it is crucial to maintain a cautious and rational attitude. Finally, I would like to ask everyone: Are you taking a wait-and-see attitude in this wave of cryptocurrency craze, or are you already participating? In any case, remember that the old saying "Investment is risky, so be cautious when entering the market" will never go out of style. Thanks for listening, see you next time! #cryptocurrency#digital currency#virtual currency#foreign exchange#currency circle#digital assets#investment and financial management
Video source:Youtube

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