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テーマ:仮想通貨(2034)
カテゴリ:ビットコイン
The industry hopes that most of these lawsuits are baseless and frivolous. This might be good in the long run since it will provide regulatory clarity and a path forward for innovation and responsible development. In the short term, however, they cause uncertainty and fear about these tokens’ future price and status, inhibiting further growth. The relatively poor macroeconomic conditions for high-risk assets cannot be ignored. The Federal Reserve is keeping interest rates around 5%, meaning that the risk-free rate on US dollars is at 5%, making risk-on assets like stocks and cryptocurrencies less appealing. In the 2021 bull market, the interest rates were near 0% and investor tolerances for risk were significantly higher — a factor that cannot be overstated in the rise of trends like the NFT bubble and memecoin mania. It seems like the Fed will keep interest rates stable as they attempt to fight stagflation. Though this may seem like a positive sign for crypto and its role as a store of value separate from the US dollar, it trades closer to a high-growth tech stock and high-risk asset than anything else. The main way that could change is if a shock to the dollar causes investors to realize that it may not be as safe as they thought, in which case they may flock to Bitcoin as a safe haven asset. If Bitcoin were currently perceived this way, it would have a similar rally to gold, which has not occurred. The market’s current sentiment is best exemplified through memecoins, which had a massive run at the beginning of the year and are now fairly stagnant or declining. Since memecoins are the most speculative sector in the industry, their price direction is generally a good indicator of how the rest of the market feels and how willing they are to gamble versus hold more stable assets.
The market is in completely uncharted territory, with new headwinds and tailwinds that are simply too complex to tell whether one is stronger. Though the market has had a significant rally since its October 2023 lows, there could be more room to run if institutional interest stays high, the halving causes FOMO and squeezes the available supply, and the market follows its traditional cycle. On the other hand, regulatory uncertainty, combined with a lack of institutional interest, poor macroeconomic conditions, and memecoin fatigue from retail could stop the bull market in its tracks until further notice. The best strategy for long-term believers is to continue dollar-cost averaging into high-conviction positions, keep a well-diversified portfolio of more than just crypto, and not get caught up in the day-to-day stressors of the market. By Lincoln Murr Follow Bitpush News on Twitter! Cryptocurrency Crypto Blockchain Investing Bitcoin ============================== お気に入りの記事を「いいね!」で応援しよう
Last updated
2024.08.05 07:45:10
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