The belief creation of the “digital gold” narrative: The concept of “digital gold” is the most provocative packaging of Bitcoin. As long as it continues to strengthen its “value storage” attribute through public opinion, coupled with the market performance of constantly breaking new highs in prices, it can gradually generate the public’s “faith” in it. If the 1-hour rebound of Bitcoin and Ethereum fails to emerge,
It is not surprising that the market will continue to decline and hit a new low in the future,
After all, the main idea throughout September was bearish,
However, according to common sense, there should still be a small rebound in the short term at a low level. The herd mentality of the public is particularly evident in the financial field. When public opinion guidance resonates with market conditions, even the most vague concepts can evolve into deeply rooted consensus.
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