Robinhood declares Bitcoin the most traded asset on the platform in 2022

In March, the number of visits to cryptocurrency exchanges reached 360 million times, with Binance, Coinbase and Bybit ranking the top three, with Binance accounting for 31.7%, Coinbase accounting for 15.6% and Bybit accounting for 12.1%. Binance still occupies a leading position among global exchanges, and Bybit is a latecomer. The overall potential of the exchange still exists and will continue to reap huge profits in the next 1-2 years until traditional institutions penetrate deeply.

The founder of Bitmex believes that cryptocurrencies will fall in tandem with Nasdaq in the coming period. He believes that Bitcoin will fall to 30,000 and Ethereum will fall to 2,500. He then said that as the global economic depression begins, tightening will cause cryptocurrencies to diverge from mainstream assets. When cryptocurrencies develop independently, they will lead global assets.

This logic is similar to what the madman said before, but the madman does not have the values ​​predicted by the founder of Bitmex. He has a large amount of exchange data in his hands, and what he said is worth referring to. Even so, his prediction shows that ETH will be stronger than Bitcoin.

The former SoftBank CEO already has 10% of his assets invested in Bitcoin, and he believes that fears of an impending recession will prompt him to increase his Bitcoin holdings to 80-90%.

The Mexican billionaire also believes that the world is experiencing hyperinflation and there is no way to give up the US dollar unless you embrace Bitcoin. These bigwigs must understand the trend of the economic cycle more deeply than we do. Indeed, all assets are falling and currencies are depreciating. No matter what you do, you will lose money. Therefore, everyone is turning to betting on the limited total amount of Bitcoin, which has become a consensus for holding positions.

More and more sports stars also understand Bitcoin. The UFC heavyweight champion said that Bitcoin could become the financial future of Africa. Tennis champion Williams believes that Bitcoin is a super investment. These people who have their own fans can help us promote Bitcoin, which is obviously a good thing for the spread of Bitcoin.

Robinhood announced that Bitcoin became the most traded asset on the platform in 2022. This data tells us that in the near future, Bitcoin will be one of the most liquid mainstream assets in the world. People holding Bitcoin can travel to various countries at will. Coinbase Card is doing such things. It can help people convert cryptocurrencies into various currencies and deposit them into bank cards for free.

ARK Investment sold off PayPal and bought CashAPP, sold off traditional payment channels and embraced encrypted payment channels. Woodworm continued his aggressive investment, was optimistic about high-tech, and embraced innovation, which shows that he is still full of confidence in the encryption market. This is the belief from a master.

The head of Galaxy Digital Trading said that Bitcoin and Ethereum will explode and rise by 100% by mid-2023. The company currently holds a large amount of Bitcoin and Ethereum. On the one hand, he is really optimistic about them, but on the other hand, this statement may be based on his own opinion.

David Rubenstein, co-founder of Carlyle Investments and a billionaire, said that he was skeptical about cryptocurrencies at first because there was no support behind them, but now that inflation is very serious, the pricing method in the economy will change. He believes that Bitcoin has come out of the bottle and the industry will not disappear. As long as the big guys have a consensus, it will not be difficult for the market value to rise sharply in the future.

Panic 32, not much change.

Coin News:

Bitcoin: It continues to weaken in tandem with the Nasdaq. Now it basically has no independent market trend and completely follows the U.S. stock market. If you want to analyze Bitcoin well, go and look at those excellent U.S. stock analysts. The current situation is complicated and confusing. We need to rely on cognition and faith to hold the currency, that's all.

ETH: With the release of daily P1559, the current annual inflation rate of ETH is only 1.52%, which is lower than Bitcoin’s 1.85% (April 10), and far lower than the USD’s 8%. Therefore, we continue to be optimistic about the market outlook. There will be a short-term breakout, and it will follow Bitcoin’s decline. The market outlook is still judged to be strongly linked.

LTC: The foundation stated that DHL and many other companies will support LTC payments this year. The market did not react much and continued to link up with Bitcoin.