Forbes released the 2022 Global Billionaires List. Musk surpassed Bezos to become the richest man, and Zhao Changpeng ranked 19th

The probability of the Fed raising interest rates by 50 basis points in May has increased again to 77.7%, and the probability of raising interest rates by 50 basis points in May and June is 62.4%. Rapid interest rate hikes for two consecutive months have become a reality. At the same time, it is very likely that the Fed will start to shrink its debt and tighten its currency significantly at the May meeting. This strategy is conducive to the return of global capital to the United States, while risky assets are facing callback pressure. For the crypto market, which is an emerging market, we still need to observe whether cryptocurrencies can decouple from U.S. stocks. When the correlation decreases, it will become the best node to increase positions.

Bloomberg Economics shows that global inflation is likely to peak at 8.1% in the third quarter and 7.3% at the end of the year, and hawkish rate hikes will continue. Deutsche Bank predicts that the United States will begin to fall into recession in 2023, and interest rates will peak at more than 3.5% in the middle of next year. The Fed's continued tightening will deal a major blow to the US economy. Combining the analysis of the two institutions, it is a question whether the Fed will tighten to the point of causing the US economy to collapse. Therefore, the final tightening is likely to be a spiral tightening, allowing the economy to slowly fall back, rather than plummeting, and prolonging the recession cycle. For the market, there will be localized over-expectations. For the future market, it is more important to look for local opportunities around the world, rather than mindlessly holding risky assets.

U.S. Treasury Secretary Janet Yellen will give a speech on the crypto industry at American University on Thursday, and she is likely to propose a comprehensive policy framework to promote crypto innovation and mitigate possible risks. Overall, it should be a positive, coupled with the Miami Crypto Conference from April 6 to 9, these two days should not be too bad.

The Central Bank of Georgia plans to regulate the country's crypto market and provide guidance on anti-money laundering. The central bank prohibits traditional financial institutions such as banks from providing crypto services. The overall idea is relatively exclusive. The country's transaction volume is very small and the impact is not significant.

Laredo Bank in Texas offers a Bitcoin savings plan for employees, where they can receive their salaries in Bitcoin, becoming the first bank to develop such a plan for employees. There will be more and more in the future, and there is still a lot of room for Bitcoin adoption.

The European digital asset exchange EDSX has completed its compliance procedures and plans to provide security token trading to investors in the third quarter. Europe now has a fully compliant cryptocurrency exchange.

MircoStrategy purchased another 4,167 bitcoins worth $190 million. The company already holds 129,218 bitcoins and has no plans to sell. At the same time, the LUNA Foundation purchased another $230 million worth of bitcoins today and currently holds 35,277 bitcoins. It still has a long way to go to become the richest person in Bitcoin. Its stablecoin currently has $617 million available for purchase at any time, so the potential for market growth still exists. This is the fundamental reason why Bitcoin is far stronger than the US stock market today.

Grayscale has launched large-scale advertisements to increase the chances of converting GBTC into an ETF. Grayscale CEO has already made this a top priority for Grayscale. Madman estimates that Grayscale must be under pressure or even threats from all sides as it is holding so many Bitcoins at such a high discount. With so much money, it will be in trouble if it is not resolved. It is inevitable that it will be anxious.

Forbes released the 2022 Global Billionaires List. Musk surpassed Bezos to become the richest man, and Zhao Changpeng ranked 19th. Innovative technology fields have begun to replace traditional Internet and resource industries. In the future, more and more wealth will flow to those who have a wealth of knowledge in a certain field.

The El Salvadorian ambassador to the United States said that Bitcoin makes small countries free and powerful. It seems that El Salvadoran politicians still support the president's decision. At least there is no regret or retreat at the moment.

Fear Greed 48, still neutral.

Coin News:

Bitcoin: With the continued support of big whales, it can withstand the decline of US stocks. The future trend should not go bad. At most, it will be a small correction at a certain stage. When the US stock market rebounds, Bitcoin will be the first to hit a new high. The correction space is not large, and this position is very cost-effective.

ETH: Bloomberg analysts use the discounted cash flow model to estimate that the true price of ETH should be $6,998. This is a discount caused by the immaturity of the crypto market. Once traditional finance comes in in the future, it will be found that the value of many varieties here is seriously underestimated. When the water of the U.S. stock market is poured in, the increase will definitely be astonishing.

FIL: The chain provides storage and retrieval tools Boost, and testing began this week. This coin has been sideways for a while. It may start a second wave of increases in the short term, but due to the large number of coin holders, the space should be relatively small.

GMT: With the strategic investment from Binance, the price of the currency has risen again and entered the stage of random speculation. It is difficult to make scientific predictions about this irrational speculation. It is a paradise for speculators. They bet that they are not the last one to be beaten. Speculators can play with stop loss.

DOGE: Musk has become the largest shareholder of Twitter. Many people believe that Dogecoin will be introduced to Twitter. At the same time, Dogecoin is also the most searched token by Americans, becoming the world's largest MEME coin. This is a positive expectation, and it is estimated that it is difficult to be sustained. If it wants to rise, it still needs a long period of sideways trading.