On December 11th (Eastern Time), the United States released the latest Consumer Price Index (CPI), and due to the data meeting market expectations, the market judged that the next round of Federal Reserve interest rate cuts would arrive in a few days. This directly triggered a significant increase in global gold, oil, and U.S. stocks, and BTC, which was previously unclear in its price movement, decisively and swiftly returned to above $100,000.
As we all know, the market price of BTC is influenced by many aspects, but if there is any single entity or organization that can influence BTC with its own strength, it is probably only the United States, China, and Satoshi Nakamoto himself. Today, China, which has always strictly regulated cryptocurrency, under the strict management of advertising laws, surprisingly had an advertisement promoting cryptocurrency ETFs on its most well-known financial platform? Has China changed its attitude, and is today’s price of 100,000 BTC just the starting price for the future?
Here’s what happened: recently, a large number of mainland Chinese Alipay users reported receiving advertisements for cryptocurrency ETFs on the homepage of the APP. The ETF’s first holding is Coinbase stocks, followed by Ark Bitcoin spot ETF. As a financial institution whose actions and words are strictly reviewed, this ETF used such a description: “Historically, when the interest rate reduction cycle officially starts, long-term assets may perform well. For example, innovative companies focused on cryptocurrency… and others are more sensitive to interest rates and may benefit during the period of interest rate decline.”
So, does this mean that the Chinese government’s attitude towards BTC and mining has begun to ease? As part of China’s territory, Hong Kong is the second region in the world to open a BTC ETF and the first to open an ETH ETF. Perhaps this also represents the Chinese government’s desire not to miss the opportunities behind cryptocurrency or to bear the risks of ignoring it.
(The global market value of BTC has long surpassed silver, ranking 7th.)
Therefore, will today’s price of $100,000 be the bottom-fishing price for BTC? If you also firmly believe in BTC, there is a saying that goes, “Trading is not as good as holding, and holding is not as good as mining.” Mining is almost the only way to buy Bitcoin at a low price. We recommend to you these cost-effective models, namely the ANTMINER S21 series and the WHATSMINER M60/M50 series.
The ANTMINER S21 series is the absolute king of energy efficiency ratios among BTC ASICs, and this brand’s machines are comprehensively strong and trusted by miners. Taking the ANTMINER S21 XP 270T as an example, it currently mines about 0.0001701 BTC per day, worth about $17.6. The WHATSMINER M60/M50, on the other hand, has the advantage of maintaining good working conditions under extreme weather, with the WHATSMINER M60S as a case in point. It has been proven that in the cold weather of North America or in the large diurnal temperature difference of the Middle East, this machine has a very low failure rate, which helps to reduce overall costs. Additionally, its hardware total cost is not high, and it currently mines about 0.00011718 BTC per day, with a payback period of about 460 days at an electricity price of 6 cents.
Welcome to consult our sellers for the most suitable BTC ASIC and trading methods for you! We have a large inventory of ANTMINER S21 XP 270T, WHATSMINER M60/M50, and other spot/futures in our warehouses in Asia, America, and other places, supporting shipping from multiple countries or declaring transactions at your delivery location.
Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
SC MINER is the world’s most renowned international mining equipment trader and a core agent for manufacturers such as Bitmain and Goldshell, with the advantage of priority sales. SC MINER’s sales team has been serving miners in dozens of countries globally since 2017, with ample experience and outstanding integrity to maximize your value!
