Bitcoin has risen by more than 30% in the week after the US election, hitting an all-time high of $9,300. The recent demand for Bitcoin ETFs has set a record, with inflows of $2.28 billion in three days, including a net inflow of $1.8 billion after the US election last week, and an additional $1.1 billion at the beginning of this week, showing the strong market demand for Bitcoin.
The sentiment of skyrocketing prices continues to ferment. Capital, institutions, ETFs, and big Vs keep buying, making the fire burn even more fiercely and the bull market even crazier. So can everyone make money?
Before October, I posted articles every day, including data analysis and experience sharing, and I used various methods to encourage you to get on board. As a result, everyone saw that my predictions were very accurate, but the slogan was not loud enough, so our backend data showed that all internal students are now making money and are becoming steadily richer.
But did the brothers outside the community follow my prediction? Some got off the bus halfway, and some haven't gotten on the bus yet.
So in order for us all to better grasp the cycle, follow the cycle, and benefit from the cycle, everyone should stop being lazy and take action. The results will not play tricks on you. Your wallet will give you the answer based on how much you pay.
Everyone is excited about the hot market, but as investors we still need to remain rational in our investments, treat the surge rationally, learn more and think more, and live longer.
Dogecoin also surged, influenced by Trump's announcement of the establishment of the "Department of Government Efficiency" (DOGE for short). The new department led by Elon Musk and Vivek Ramaswamy plans to cut government bureaucracy and unnecessary regulations, promoting DOGE, which rose by nearly 150% within a week after the election. It can be seen that Musk's influence on Dogecoin is so huge.
The reason behind the surge in Dogecoin is a statement from Trump. In a recent statement, Trump said that he would establish a Department of Government Efficiency, which is abbreviated as DOGE, which happens to be the same name as the familiar Dogecoin!
Trump also said that DOGE is crucial to the "Save America" campaign and making America great again. Trump said Elon Musk and VIVEK will lead the government efficiency department.
The statement is as follows:
I am excited to announce that the great Elon Musk will be teaming up with American patriot Vivek Ramaswamy.
Leads the Department of Government Efficiency (DOGE).
Together, these two fine Americans will pave the way for my Administration to eliminate government bureaucracy, cut excessive regulation, slash wasteful spending, and reorganize federal agencies, which is essential to the "Save America" movement.
It could become the Manhattan Project of our time. Republican politicians have long dreamed of the goal of DOGE. To drive this drastic change, the Department of Government Efficiency will provide advice and guidance from outside government and work with the White House and the Office of Management and Budget to promote large-scale structural reforms and create an unprecedented entrepreneurial government.
I look forward to Elon and Vivek focusing on efficiency as they reform the federal bureaucracy while making life better for all Americans.
Most importantly, we will eliminate the massive waste and fraud that exists in our $6.5 trillion in annual government spending. Together, they will work to free our economy and hold our government accountable to the people.
Their work will be completed no later than July 4, 2026, resulting in a smaller, more efficient, less bureaucratic government that will be the perfect gift to America on the 250th anniversary of the (Declaration of Independence), and I am confident they will succeed!
This statement directly caused Dogecoin to rise by 65% in three days. In the eyes of many ordinary people, Dogecoin is as famous as Bitcoin BTC. Although everyone knows that it has no value and is just an air coin, who would care about the value in the surge? Its popularity even exceeds that of Ethereum and SOL.
The cryptocurrency world is like this. The joy of the zoo had already appeared in the last cycle. This time, with no innovation in technology applications, it appeared at two extremes. All the funds poured into Bitcoin, a digital gold, and a meme, which only had consensus emotions.
In 2021, the big bulls were calling for doge to be worth 1 dollar, but now they are calling for 10 dollars.
Dogecoin follows "classic chart principles", suggesting that Dogecoin will rise by more than 1,000%. If memecoin repeats its 2021 trend of rising 7,000%, Dogecoin may break the $1 threshold and is expected to hit $10 in the future.
There are even voices saying that Dogecoin may approve an ETF. In short, there are two types of people in the currency circle. One type is institutions, which only look at value and always go to where there is more money. The other type is retail investors, who always go to where there are many people and will flock to wherever is popular.
People in the cryptocurrency circle have always had only a 3-second memory, year after year, but the results will not play along with you, the results are determined from the beginning.
Walking with Mo and preaching web3, I am Xi Mo, a leader who is committed to leading you into the web3 industry. Turning your main business into a side business, turning your side business into unemployment (financial freedom), and increasing the value of your assets after financial freedom are my goals that I pursue unremittingly and with all my strength.
A year ago, we made a web3 private wealth reader for paying students, named Ximo's Crypto Views. It contains more than 1,000 pages and a 320,000-word collection of crypto wealth. Now I give it to you for free.
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