Asset management giant VanEck said: If Bitcoin becomes a global reserve asset, the price could be as high as $4.8 million

Biden said he has no plans to talk to Putin at present because Russia has not reduced its military operations in Ukraine, and Putin signed a decree to settle natural gas trade in rubles, which means that the situation between Russia and Ukraine has not eased much at present. The ruble has benefited greatly from this. If those European countries use the US dollar, Russia will not sell natural gas to them. Natural gas has become a hard currency, making the ruble move towards financial sovereignty, which is overall unfavorable to the financial market.

The American Bankers Association said that the Russian-Ukrainian conflict and the growing cryptocurrency trading have brought serious risks, especially in terms of how institutions account for cryptocurrencies. The Russian-Ukrainian conflict itself has a great impact on the global financial market, and cryptocurrencies, as one of the fastest growing sectors, have attracted more and more attention from regulators, resulting in the continuous growth of crypto transactions. Recently, the trading volume of Bitcoin and Ethereum has reached a peak, which shows that the amount of funds rushing into the market is huge, which has given our bull market a precious life.

The SEC's guidelines show that crypto asset custodians should treat assets as liabilities and disclose risks. This means that the custodial assets of crypto exchanges are equivalent to the standards of the current banking system. The crypto market is getting closer and closer to the real financial system. In the future, crypto will operate within the framework and gradually promote the continuous innovation of regulatory laws and regulations.

The European Parliament voted to ban anonymous crypto transactions. This is a regulation from Europe. They hope that the crypto market can be controlled, rather than everyone having an anonymous private wallet. In fact, the regulatory intention is understandable, but as an individual, property is a part of oneself. This trend cannot be regulated or avoided. As people's cognition improves, the final choice will subvert the current regulation, and new technologies will replace outdated financial facilities. Throughout history, every revolution is a transfer of traditional power, and this time is no exception.

Indian insiders said that only when the global crypto market reaches a consensus will India consider formulating cryptocurrency laws and regulation. This is also a good way. After all, if you don’t understand how to regulate it yourself, you can just follow the developed countries and avoid being shot.

Officials from the Russian Ministry of Finance said that the government should encourage industrial-grade cryptocurrency mining and that it is necessary to focus on the development of the mining industry. Russia is now intent on bypassing the hegemony of the US dollar, so whether it is developing its own payment system or relying on cryptocurrency, it is an optional path at the moment. If it can have a large amount of encrypted foreign exchange reserves and circulate globally, it will have an immediate effect. Therefore, the more extreme the sanctions, the more likely the actions taken by Russia will benefit the crypto market.

A survey in the UAE shows that 67% of consumers are interested in investing in cryptocurrencies in the next five years, second only to Indonesia and India. It seems that after the UAE enacted legal regulations, people's recognition has made a qualitative leap. Let's wait patiently for these incremental entries.

The U.S. core PCE price index rose 5.4% in February, setting a new high since 1983. It seems that continued interest rate hikes are still inevitable.

Asset management giant VanEck said that if Bitcoin becomes a global reserve asset, the price could be as high as $4.8 million. This calculation is based on the global M2 forecast, which means that if Bitcoin becomes the world's only currency, then the price of Bitcoin will reach this height. So there is no such possibility at the moment, so let's just focus on 100,000-150,000 first.

The Coinmarketcap community predicts that the price of Bitcoin will exceed $50,000 by the end of April. This is based on the average vote of 55,723 members. The community's previous prediction accuracy rate reached 82%. Whether it can continue the legend this time, we will wait and see.

GalaxyDigital CEO said that the price of cryptocurrency is expected to rise sharply this year. This guy was not optimistic about cryptocurrency some time ago, but he is optimistic again recently, which also shows that he sees some changes in the market at present.

LUNA Foundation did not buy Bitcoin yesterday, and the market weakness was fully revealed. The founder said that if he could influence the price of Bitcoin, it would not be a reserve asset. Bitcoin is neutral, and he bought Bitcoin to use it as a reserve asset for UST. After the drop today, they should have bought it again. Let's wait for the specific information from Qiao.

Bithumb's annual revenue in 2021 reached 833 million US dollars, a month-on-month increase of 360%. If it were a global large exchange, this data would be even more exaggerated. It is estimated that Binance's actual annual profit would be more than 10 times its. And it will continue to increase in 2022. There will be a bull market if there is an increase. Be patient and hold the currency.

Jay Chou's Bored Cat NFT was stolen, and the thief quickly sold it for 130 ETH. This was a gift from Huang Licheng. This theft should have been phishing. Discord later said that multiple official accounts were attacked and fake website links were posted. This is probably the way it was lost. This shows that cryptocurrency relies on personal power to save, which requires strong technical knowledge. If it is not saved properly, it is safer to keep it in a reliable exchange. Of course, NFT can only be kept by yourself at present.

Fear Greed 50, Neutral.

Coin News:

Bitcoin: It has pulled back as expected, but today's pullback was a bit strong. It may adjust further over the weekend. The stronger support will be around 42,000-43,000. There is not much room, so there is no need to panic and sell. After all, the LUNA Foundation is still buying.

ETH: Obviously stronger than Bitcoin. Once it stabilizes in the future, it will be the first to rise.

WAVES: The total locked volume increased by 200% in one month, reaching 5.38 billion US dollars, a record high. We will not chase this acceleration. The price of the currency has been expected. It will be difficult to continue to rise sharply in the future. The risks are greater than the opportunities.

EOS: German crypto startup Iconic launched the world’s first EOSETP. I don’t know what this startup is thinking when it places its bets on EOS. Even after the rebound, the madman still chooses not to be optimistic.