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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
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10x Research: The new all-time high of Bitcoin is not driven by market speculation, but rather by deeper macroeconomic changes.
Odaily News 10x Research's latest report points out that Bitcoin's recent all-time high is not driven by market speculation, but rather stems from deeper macroeconomic changes. The increase in the U.S. $5 trillion debt ceiling, massive deficit spending, and the upcoming encryption policy report from Trump's working group are collectively reshaping the macro landscape. The report believes that Bitcoin has transformed into a macro asset that hedges against reckless fiscal spending, with its narrative logic undergoing a fundamental shift. The FOMC meetings on July 22 and 30 may become key catalysts for redefining Bitcoin's role in the financial system. Data shows that seasonal factors in July, a surge in bullish options buying, and a wave of short liquidations have jointly driven this round of increase.