1. Bitcoin breaks $94,000, but Standard Chartered has lowered its target price.
* Market: Bitcoin (BTC) is performing strongly today, directly breaking through the $94,000 (approximately 680,000 RMB) threshold, and continues to rise.
* Opinion reversal: Although the price is rising, Standard Chartered has poured cold water on the market. They have lowered their year-end target price from the previous $200,000 to $100,000.
* Why? They believe that the enthusiasm of institutions buying coins has peaked, and the buying momentum for ETFs (Bitcoin funds) is slowing down. Although the market hasn't collapsed, it is not as hot as before (described as a 'cool breeze' rather than a 'cold winter').
2. 'Big players' are buying in, Bitcoin is increasingly resembling 'digital gold'
* National level:
* Russian President Putin stated: No one can ban Bitcoin.
* The UAE government has also stated: Bitcoin is a key pillar of our future finance.
* Corporate level:
* BlackRock (the world's largest asset management company) just transferred 272 Bitcoins (worth over $24 million) to Coinbase, and large institutions are continuing to enter the market.
* Data speaks: The total amount of Bitcoin held by listed companies and private enterprises has now reached 1.08 million coins, several times more than before. This indicates that large companies are increasingly viewing Bitcoin as 'assets'.
3. Gold is also hitting historical highs
* Besides cryptocurrencies, gold is also skyrocketing, with prices surpassing $4200/ounce. This indicates that people are currently very keen on buying 'hard assets' for hedging, whether it's traditional gold or modern Bitcoin, both are in demand.
4. Traditional giants are starting to play with 'blockchain payments'
* BMW has completed its first foreign exchange payment using JPMorgan's blockchain network.
* Interpretation: This is not just speculation; large companies are genuinely using blockchain technology for business payments, indicating that this technology is being accepted by traditional finance.
To summarize
Today is a 'double pride day', with both Bitcoin and gold rising.
Although Standard Chartered is bearish (thinking it won't rise further), figures like Putin, the UAE's big shots, and large institutions like BlackRock are still supporting the market. The current market is characterized by 'some are bullish, some are fearful', but money is indeed flowing into this field.
