The narrative before the U.S. election: cryptocurrencies stepping on the dollar

Currency network

2024-06-28 09:42

Source: Bijie.com

Author: Cyber Melon Farmer

Introduction: Federal Reserve: "Look at my actions this time. ”

The melon farmer's style is casual, and the words are casual, and this wave of melon farmers has shown their IQ first.

Recently, the market has been selling BTC, Mt. Gox used BTC to pay off debts, and then the German government sold BTC, and today the United States jumped out "I will throw 4,000 BTC, which has no impact on the market." ”

It really doesn't matter?

A series of accidents pinching the time node

German Narrative One:

Since the Russian-Ukrainian war, the European Union has been pulled by the United States on the rotten ship of Ukraine, due to military pressure from Russia, Germany plans to restore conscription on May 13 and increase military spending to 3% of the national GDP. From a fiscal point of view, it is not easy for Germany, which has experienced reparations for defeat in World War II, to achieve the goal of 3%. So, Germany needs to find money.

But judges, do you think it's a coincidence? The plan made in May was not sold sooner or later, but it was sold at this point in time. If Germany alone can be said to be a fortuitous event, what about Mt. Gox?

Mt.Gox Narrative II:

With the recent flurry of BTC sell-off news, everyone knows more or less about Mt.Gox. Here is an introduction to the mysterious Mt. Gox, which holds a large amount of BTC.

Mt. Gox, a BTC exchange from Tokyo, Japan, was established in July 2010;

2011,Mt.Gox被Tibanne Co全资收购;

In June of the same year, Mt. Gox stole 2,000 BTC;

In 2012, Mark Karpelès, the founder of Tibanne Co, wanted to use BTC as electronic cash for physical payments in Japan after experiencing a hacker collapse.

But the interesting thing is that BTC exchanges from Japan, which need to use BTC as a financial payment method, have been seized by the US Department of Homeland Security. In June 2013, the U.S. Department of Homeland Security seized Mt. Gox's Dwolla account for failing to register in the correct manner.

Seeing this, I wonder if you have a feeling of being brainwashed by public opinion?

Here melon farmers raise 3 doubts:

1. The BTC genesis block was produced in 2009, and there was a BTC exchange in Japan in 2010. As the pizza day of BTC in the same year, 10,000 BTC was only exchanged for one piece of pizza. Farmers simply can't understand how BTC exchanges worked in 2010.

2. It is as strong as Ethereum, and it was officially launched in 2015. As the company that mastered the world's largest BTC exchange back in 2014, its founder, Mark Karpelès, and his controlling Tibanne Co are unknown today.

3. 2,000 BTC was stolen that year, and now you plan to repay 200,000 BTC? This discrepancy?

About Mt. Gox, melon farmers would like to mention one more thing, the United States? U.S. Department of Homeland Security? It's hard not to think of the delicate relationship between Japan and the United States.

Crypto ETF Narrative Three:

I don't know if you have any feelings, this year's crypto bull market is out of the bear.

Taking Ethereum as an example, the approval of the Ethereum spot ETF should have been a gratifying event, with the introduction of relevant crypto regulatory bills and the acceptance of the crypto market by the international mainstream finance. It stands to reason that the Ethereum L2 ecosystem should be radiated, or perform more, so as to reflect the value of the Ethereum ecological comprehensive ETF.

Interpreted by the logic of ETF funds, Ethereum's various sectors are in the forefront, comprehensively reflecting the value of ETFs.

Taking stock of the benefits of Ethereum in 2024:

Ethereum technology upgrades, specifically the implementation of the EIP-4844 proposal, will improve network efficiency and scalability.

With the passage of Ethereum spot ETFs, investors in traditional financial markets have also shown interest in Ethereum, and the inflow of funds should strengthen the activity and value growth of the Ethereum ecosystem.

The proposal of the Layer 2 solution has brought more possibilities for the active Ethereum ecosystem.

Ethereum staking has grown, the market circulation of Ethereum has decreased, and the remaining Ethereum has naturally risen.

But on the other hand, Ethereum's value performance:

Ethereum has broken the rules?

Interest rate cut and selling pressure narrative four:

Here, in order to pave the way for the next section, I won't elaborate too much. Put a picture and everyone understands it for themselves.

In just 2 months, it was sold for various reasons, and $13.1 billion was released. Giant whales are smashing, whose retail investors will digest $13.1 billion? In response, the U.S. government said that I would throw 4,000 BTC, which would have no impact on the market.

But on the other hand, behind a series of events, if there is no promotion from the United States, melon farmers will never believe it.

The U.S. election and the interest rate cut plan

How beautiful the pictures I have made, you can take a look at them more, and it is recommended to watch them repeatedly

The U.S. election in November is an international hot topic, and two septuagenarians (Biden 82, Trump 76) are campaigning for the next U.S. president. In addition to laughing at the black history of various companies, the crypto market has become a hot topic in the current US presidential election.

The power of crypto in the U.S. election

According to statistics, as of 2024, there are already 20 million people using cryptocurrencies in the United States, accounting for about 14% of the population. In this context, in the United States, a land where the protection of human rights is the core, protecting the security of residents' crypto assets has naturally become a hot topic.

From Trump's body, we can easily see the growth of influence in the crypto market over the years.

Before 2021, Trump was opposed to crypto assets during his administration, but today, in this US presidential campaign, Trump has shown obvious intimacy and support for crypto assets. He has repeatedly made statements in public that he likes what BTC mining companies are building, etc.

With the support of Trump, the MEME coin, which has just emerged this year, has also performed well with the support of the US political background.

On the other hand, Biden, regardless of the right or wrong governing policy and governing style, under the advantage of Trump's fight for crypto power, the Biden ruling party, which initially maintained a calm attitude towards the crypto market, has to show an intimate attitude towards the crypto market and topical crypto sectors such as MEME.

With the help of the two old men, sectors such as NFT, MEME, BTC, and by extension, related mining companies are more active than before.

Of course, about the US election has become a cliché among the crypto population, and the cold rice is hot.

But melon farmers still have to mention that according to the consistent style of the US election. In the end, whoever is elected will fulfill the promise he made to the voters when he ran for president. This also laid the groundwork for the development of the crypto market in the next 4 years.

Interpretation of the U.S. interest rate cut plan

According to market reaction, the Fed plans to usher in a rate cut in the second half of this year.

A brief interpretation of what interest reduction is, which means that the interest on the US dollar has been reduced, and the original value of 100,000 yuan may require 110,000 or 120,000 yuan to buy. This also means that there is more money flowing in the market. For ordinary bosses, it represents the depreciation of banknotes and the rise of prices. However, for the U.S. market, the outflow of a large amount of U.S. dollars can also stimulate the development of the market economy.

Where did the money go from the interest rate cut?

Oligarchs and whales, of course! Or is it you and me?

This will be mapped to the crypto market, combined with the above, $13.1 billion selling pressure, giant whales are smashing? Who will pick up retail investors? If no one picks up, it will naturally fall.

Since March 14, BTC has oscillated between 70,000 and 60,000 many times, and the shock cycle has been longer and longer, and the upward cycle seems to be just two or three days.

On the timeline, you can check it according to the BTC K-line chart combined with the timeline given by the melon farmer. You can generally find the shadow of the giant whale smashing the plate. So the question is, in 2024, which is called a bull market, why is the market so fragmented?

How to give back to the power of crypto?

As mentioned above, no matter who is elected, he will always fulfill the promise he made during the election campaign.

Let's take another look at this picture.

If the chat history in the chart is true, the interest rate will be cut between September and November. Corresponding to the timeline, the end of interest rate cuts just before the U.S. election. So make a bold guess, what about after the election?

In this US election, no matter which side you look at, the crypto market has contributed a lot. Take the start of the crypto market carnival in November as an angle. The president is bound to give back to the crypto market. So how can we get the greater benefit from this fact that everyone knows?

From a capital point of view, it makes perfect sense to buy low and go high.

What if, after the U.S. election, the Fed starts raising interest rates?

At this stage, the United States is the leader to start smashing the market, releasing water into the hands of oligarchs, and smashing the crypto market to the freezing point before the election.

Who in the market has money to invest in the crypto market after the Fed raising interest rates, tightening monetary policy, and the return of dollars to the government after the election? Oligarchs enter at freezing prices, and the president makes good on his campaign promises, which seems to be a win-win situation for both oligarchs and presidents.

What? You ask me who loses in the middle?

Look at the liquidation data.

View original image 39K

• 

• 

• 

• 

• 

• 

• 

•