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Abstract

is up to the residents of the country to choose whether to use centralized control digital money or decentralized.</p><h2 id="4daf">Thailand</h2><p id="54a3">Srettha Thavisin, a Thai real estate billionaire, participated in the presidential election. They have announced that if they win the election, they will airdrop Thai currency worth 300 to Thais over the age of 16, using digital currency. The cost of this airdrop is estimated to be over 15 billion.</p><p id="88be">They are claiming that they will make Thailand a fintech hub, and will bring forward the digital industry, if the airdrop amount is not spent 6 months in advance, the airdrop will be burnt.</p><p id="2a95" type="7">Eastern nations are getting more pro-crypto, while Western countries are becoming more anti-crypto.</p><figure id="8cc6"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*Zhpxr8vAJcv_o1hB"><figcaption>Photo by <a href="https://unsplash.com/es/@lucaskphoto?utm_source=medium&amp;utm_medium=referral">Lucas Kepner</a> on <a href="https://unsplash.com?utm_source=medium&amp;utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="6a9a">HashWar</h2><p id="cbe4">Russia has surpassed China to become the world’s second-largest crypto-mining hub. Many bitcoin whales feel that HashWar will be the next big war. Let me explain why the HashWar…</p><p id="dbdb">If a country wants to adopt Bitcoin as a central reserve currency besides gold, it must first purchase Bitcoin. They can acquire Bitcoin and store it in the central reserve, but there are two methods to do it.</p><p id="499f">Purchase Bitcoin at a high price from any central bank market, or mine it yourself. The probability of moving towards mining in such a situation is high. If every country begins to move towards mining, this situation will turn into HashWar.</p><p id="a655">Any country that has such advanced technology will do maximum hashing and keep bitcoins in the central reserve. The higher the hash power, the faster bitcoin is mined and the faster bitcoin is collected for reserve. In such a situation there will be HashWar between countries.</p><p id="02a9">If this dream becomes a reality, we will be able to see the price of Bitcoin hitting 10 million dollars right in front of our eyes.</p><h2 id="79cb">Hack</h2><p id="ea62">All of the world’s powerful countries are planning to launch CBDC, but if it is hacked, no one will trust it. The most serious threat to digital money is hacking. If even a single incident of hacking comes to light, I believe there will be a major shift toward Bitcoin. Friends, please share your thoughts by commenting.</p><h2 id="4e8d">Gold Standard</h2><p id="1487">3 Congressmen of the US have proposed that the US return to the Gold Standard. Once President Richard Nixon removed it from the Gold standard in 1971, a large number of dollars were printed. Congressmen think that if the United States adopts the global standard, the US economy would be able to stabilize.</p><h2 id="eccd">Conclusion</h2><p id="4583">According to all of this data, positive signals in Bitcoin have been formed in the short run, indicating that the price of BTC is likely to hit $32000. In the long run, Bitcoin will undoubtedly reach 0.1 million. Let’s see what happens next.</p><p id="3c35" type="7">Clap — Share — Comment — Happily ☺</p><h2 id="f071">Disclaimer</h2><p id="bccd">This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.</p><h2 id="8994">Thank You for Reading…</h2><div id="8cad" class="link-block"> <a href="https://medium.com/@jessicadoosan02/membership"> <div> <div> <h2>Join Medium with my referral link - Jessica Doosan</h2> <div><h3>Read every story from Jessica Doosan (and thousands of other writers on Medium). Your membership fee directly supports…</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https:

Options

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Now No One Can Stop the Bitcoin Bull Run — Money Printing Time

Option Data | Miners | CBDC | Gold Standard

Image Created via Midjourney

Because of the low trading volume in Bitcoin, the price is moving sideways. The important question here is whether Bitcoin will rise or fall, which we will discuss in detail today.

Glassnode’s on-chain data is indicating a positive trend. Glassnode’s researchers have posted some charts on Twitter that you need to know about.

Bitcoin Wallets

Source: Glassnode

The number of non-zero Bitcoin addresses has hit an all-time high. Anybody may create a wallet by visiting any website, however, a wallet with some Bitcoin within it is known as a Non-Zero Bitcoin Vault.

Despite the fact that the price of Bitcoin is neither rising nor falling, retailers, traders, whales, and sharks are not selling their Bitcoins. In addition, the recently bought bitcoins are being held. As a result, even if Bitcoin didn’t hit its previous peak of $67,000, the number of non-zero Bitcoin wallets reached 45.5M.

This data clearly shows that Bitcoin is being bought, and players will ride the bulls. This is a highly positive indicator, and the price of bitcoin may be observed trading above $30000 as a result.

Miners

Crypto miners have a great influence on the fluctuation of Bitcoin’s price. As soon as there is a solid rebound in the cryptocurrency market, altcoin prices rise. Most miners mine altcoins to increase their profits, but they also mine bitcoin to mitigate the risk.

Looking at the price of Bitcoin, it is evident that the profitability of miners is increasing, as mentioned by Glassnode. Because of the surge in on-chain demand for Bitcoin, the market is showing signals of an uptrend.

Option Data

You may have seen the Bitcoin Open Interest data from the previous month, in which more Open Interest was generated on the Put option. Even so, the amount of open interest in this month’s Call option has surprised everyone.

Investors have bought call options worth about $10.0 billion, which means that the price of Bitcoin will increase from its current levels in the coming days. Investors are becoming more optimistic about the future price of Bitcoin, expecting it to rise.

This time investors have bought heavily in call options. You will be surprised to know its value. Open interest has built up in over 10 billion call options. Seeing the investor’s trust in the bull this time, eyes filled with tears. The ray of hope has come and now bitcoin will definitely go up.

No one takes a risk of $10.0B like that. Nobody can now stop Bitcoin’s price from rising.

CBDC

In an interview two days ago, European Central Bank President Christine Lagarde said that the European Union will launch its own digital currency, the E-EURO. They have not specified a specific launch date, but they want to make an announcement in October of this year. It is possible that they’ll launch Digital Euro before the end of this year.

The purpose of adopting digital euros is to minimize cash transactions. With the implementation of the Digital Euro, no one will be allowed to transact more than 1000 Euros in cash. Moreover, the United States will launch its own digital currency, called ‘FedNow.’

The introduction of a digital currency will improve the government’s influence over the country’s population. The more a government progresses on the digital path, the more influence it has over its population; yet, it is up to the residents of the country to choose whether to use centralized control digital money or decentralized.

Thailand

Srettha Thavisin, a Thai real estate billionaire, participated in the presidential election. They have announced that if they win the election, they will airdrop Thai currency worth $300 to Thais over the age of 16, using digital currency. The cost of this airdrop is estimated to be over $15 billion.

They are claiming that they will make Thailand a fintech hub, and will bring forward the digital industry, if the airdrop amount is not spent 6 months in advance, the airdrop will be burnt.

Eastern nations are getting more pro-crypto, while Western countries are becoming more anti-crypto.

Photo by Lucas Kepner on Unsplash

HashWar

Russia has surpassed China to become the world’s second-largest crypto-mining hub. Many bitcoin whales feel that HashWar will be the next big war. Let me explain why the HashWar…

If a country wants to adopt Bitcoin as a central reserve currency besides gold, it must first purchase Bitcoin. They can acquire Bitcoin and store it in the central reserve, but there are two methods to do it.

Purchase Bitcoin at a high price from any central bank market, or mine it yourself. The probability of moving towards mining in such a situation is high. If every country begins to move towards mining, this situation will turn into HashWar.

Any country that has such advanced technology will do maximum hashing and keep bitcoins in the central reserve. The higher the hash power, the faster bitcoin is mined and the faster bitcoin is collected for reserve. In such a situation there will be HashWar between countries.

If this dream becomes a reality, we will be able to see the price of Bitcoin hitting 10 million dollars right in front of our eyes.

Hack

All of the world’s powerful countries are planning to launch CBDC, but if it is hacked, no one will trust it. The most serious threat to digital money is hacking. If even a single incident of hacking comes to light, I believe there will be a major shift toward Bitcoin. Friends, please share your thoughts by commenting.

Gold Standard

3 Congressmen of the US have proposed that the US return to the Gold Standard. Once President Richard Nixon removed it from the Gold standard in 1971, a large number of dollars were printed. Congressmen think that if the United States adopts the global standard, the US economy would be able to stabilize.

Conclusion

According to all of this data, positive signals in Bitcoin have been formed in the short run, indicating that the price of BTC is likely to hit $32000. In the long run, Bitcoin will undoubtedly reach 0.1 million. Let’s see what happens next.

Clap — Share — Comment — Happily ☺

Disclaimer

This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.

Thank You for Reading…

↑ ↓ Brain Boosting …

Bitcoin
Crypto
Investing
Finance
Education
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