Financial markets and macroeconomics.
According to the agenda of the September Federal Open Market Committee (FOMC) released on September 13 by the US Federal Open Market Committee (FRB), tapping will begin in mid-November 2009. A general agreement in mid-December
"If the economic recovery goes smoothly, the gradual tipping that will be completed by mid-2022 is appropriate."
The United States is currently buying 120 120 billion a month in assets under the guise of rebuilding the economy due to the spread of the new Coronavirus infection, but inflation has risen far above its target of 2% in recent months. As prices rise, so does the recognition that fiscal austerity is necessary. The US Consumer Price Index (CPI) for September, released on the second day, rose 5.4 percent year on year.
The next FOMC meeting is scheduled for November 2-3, but from past lessons, it appears that the actions of US financial officials, who have called for dialogue with the market, have already been factored, and There is also a time of decline, so it is unlikely that this will be a negative surprise that will shake the market.
On the other hand, the easing of money in foreign exchange was due to the recent rise in risky assets such as high stock prices and high virtual currency. At the moment, it is important to keep an eye on the trends of US officials, as this could have an indirect effect on the cryptocurrency market, such as the bitcoin (BTC).
The price movement of the cryptocurrency market
Cryptocurrency (virtual currency) market on the 14th. Bitcoin prices continued to rise to 6.59 million yen ($ 58,120), up 3.32% from the previous day.
Although it dropped to $ 53,950 at one point, it reversed when the lower price was purchased and was reluctant to lower. The latest price has been updated.
ETH was + 4.07% from the previous day, Polkadot (DOT) was + 18.1% from the previous day, and Stella (XLM) was + 9.5% from the previous day.
Polka.com announced on the 13th that preparations for a full-scale operation have been completed. Displays the auction schedule that selects the parachute to connect to the network.
Related: Polkadot will launch a full-scale operation, proposing a parachute auction schedule.
Many factors are said to be behind the revival of the BTC market and the DFI (Decentralized Finance) market, such as the demand for capital flight for the wealthy in China, which is increasingly tightening regulations, and inflation in the US. Decreasing demand for dollars. Speculation is rife in the United States about the approval of the first "bitcoin ETF (Exchange Traded Fund)".
For Bitcoin Future ETFs, the decision to review the pro-shares is approaching October 18, and the final decision date for the single version of ETFs, which is considered promising, is set around November 14. Has been
The "bitcoin ETF" has never been approved in the United States, but it is a new asset class (market size) that has a lot more regulatory aspects than a few years ago and the influx of listed companies and institutional investors. The USSE (Securities and Exchange Commission) is fueling market speculation, including a softening stance.
Related: Virtual Currency Market Beyond "Bitcoin ETF" Speculation, Points That Affect Market Value
According to Forbes, CME (Chicago Mercantile Exchange) BTC Futures data showed 10,918 OI as of October 12, an increase of 72% in almost two months. The influx of investors familiar with CME futures has become noticeable, hedge funds primarily provide liquidity.
If the "bitcoin ETF" is approved, it is more likely that large asset management companies such as Feldeti and Vanguard will account for investment-related trusts, as well as the exchange of corrupt assets and virtual currency. Will give the opening package. Due to concerns about physical holding, get exposure in the virtual currency market directly from stock exchange accounts such as Nasdaq, Cboe (Chicago Options Exchange), and NYSE (New York Stock Exchange).
This is because it will be a stimulus for institutional investors with considerable financial strength in the medium and long term.
Is the feeling of happiness limited?
"Ordinary investors don't feel" happy, "said Charles Edwards, founder of asset management firm Carnival, about the recent market price. Google Trends data is a foundation.
Over the past few years, the proportion of institutional investors has risen sharply, making it easier to stabilize liquidity and current price movements, while compared to the 2017 corrupt currency bubble, many ordinary investors Have "benefited from rising market prices." It is very likely that they were left behind without assigning anyone.
Around March-April 2008, when the trend picked up, the bitcoin fell below 1 BTC = TC 4,000 due to the corona shock of the global stock market crash, and in May 2008, every four years Once in a while "It was on the horizon. In December 2020, it surpassed $ 20,000 at the time of the bubble three years ago, but at least it seems that interest in Google Trends
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