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Your fa
China has imposed restrictions on silver! What impact does this have on the crypto world? Just like the crazy rise of gold, what effect does that have on the crypto market!!!
The phenomenon we can observe is that gold is rising, US stocks are rising, but Bitcoin just isn't moving. I rarely pay attention to silver; I only know from the crypto circle that silver has doubled, but it's just been bombarded by news.
Previously, gold was mainly bought by sovereign countries like China, India, etc. Some people might know that China is going to regulate silver, and there’s speculation about it. China's regulation of silver is no less strict than its control over rare earths; both aerospace and photovoltaics use silver. China's refining capacity can reach 5g, while other countries can only do 50g. What does that mean? Simply put, with the same amount of ore, China can profit by refining 5g, while other countries need 50 or even 100g.
China is the largest refining export country. Overall, the global silver gap is about 3,000 tons. The regulation could cause some tension because prices have already risen in the early stages, and now the negative news is settling in. According to the operators, silver should fall, but it’s still rising; in the long term, it’s bullish.
I think the funds in the crypto circle previously flowed into silver, gold, and US stocks. After taking profits, they will likely flow back into Bitcoin.
Of course, I can see what the big players see, and they will also follow the trend. As Bitcoin’s trend turns downward, the big players might use this reflow to push Bitcoin higher. The price could potentially break through 945, with a conservative target around 900.
I think, well, when I copy a coin, there’s so much to learn. It used to be just pure trading, but later I also had to do research, understand international politics and economics. Now, I also need to understand US stocks, gold, and silver. It’s really a lifetime of learning, a lifetime of studying.
Shanzhai coins will also have a wave. The ones I’ve jumped into are ARB and SD. Some students have bought Doge. Everyone should buy according to their own understanding—don’t go all-in!