Big talk BTC soaring logic Xu Kun believes that BTC rose to 10,000 dollars just around the corner

Big talk BTC soaring logic Xu Kun believes that BTC rose to 10,000 dollars just around the corner

Recently, the Sino-US trade war broke out, US stocks plummeted, the Dow Jones index plunged 600 points, and the global capital market was raging. At this time, bitcoin rose against the market and the price broke through 8,000 US dollars.

Many people speculate that some hedge funds in traditional financial markets are beginning to enter the virtual currency market. Some people speculate that Bakkt, the parent company of the New York Stock Exchange, will be driven by the good news of testing bitcoin futures in July this year. Behind the scenes, "pushing hands", everyone has different opinions.

Xu Kun, vice president of strategy, believes that from the beginning of the year, the virtual currency market has entered a recovery period, and the basic orientation is good. On May 15th, Xu Kun was a guest of the planet's super-speaking community, and analyzed the factors that Bitcoin has risen in recent days.

Xu Kun believes that the direct factor of BTC's successive rises is the promotion of the main funds, and it is not a sudden behavior. From the perspective of recent BTC capital inflows, USD has a major share, with a high probability of overseas funds entering the market. Moreover, it can be seen that this round of the main force is a professional operation team. The large amount of funds and the cooperation of the exchanges can promote the market in a short period of time.

In addition, Xu Kun believes that BTC can rise to 10,000 US dollars can be expected. BTC has doubled since April, while ETH and EOS have increased by about 40% over the same period. At the same time, BTC dropped from a peak of $20,000 to a low of about $3,200, a drop of 84%, while ETH had a maximum drop of 94% and EOS was 93%. Other mainstream currencies can also be counted. The dual factors of “oversold” and “stagflation”, in the case of continued market conditions, there is a lot of room for mainstream currency.

Xu Kun also released some of his own views on the "resonance mode coin" that VPS represented in the near future. "Resonance is actually the 'mathematical core' and the 'marketing shell'."

Xu Kun believes that the core logic of resonance is to exchange an asset with an off-site value and an asset that forms an ecological closed-loop. In order to increase the cash flow and reduce the circulation of assets in the field, the value of the assets in the field will be increased, and the deflation of the assets will be caused, which will jointly increase the value of the two assets.

Resonant assets generally have to be externally priced and have very strong circulation attributes. If the selected subject matter has no circulation attributes, the value is not significant.

The following is the community question link

Are you entering the bull market now? In addition to Bitcoin, what other currencies can I expect?

Q1: The BTC market has been rising in the past two days. In just 5 days, it has broken through 6000, 7000, and 8000 USD. Can you briefly analyze the main factors that drive the rise of Bitcoin market?

Xu Kun: Actually, since the beginning of the year, the market has entered a recovery period, and the fundamentals are good. Since April, favorable information inside and outside the industry has become more frequent and intensive. In particular, the behavior of traditional enterprises has become more and more obvious, and the intention of traditional funds to enter the market has become more and more obvious. Some news has been paved for a long time. In addition, changes in the international economic situation and the escalation of Sino-US trade friction have also played a catalytic role in market trends.

The direct factor of BTC's successive rises is the promotion of the main funds, and it is not a sudden behavior. From the perspective of recent BTC capital inflows, USD has a major share, with a high probability of overseas funds entering the market. Moreover, it can be seen that this round of the main force is a professional operation team. The large amount of funds and the cooperation of the exchanges can promote the market in a short period of time.

Q2: What is your opinion on the trend after BTC and the overall market situation? What other currencies are worth paying attention to?

Xu Kun: The recent BTC price has hit record highs. It is really gratifying. I think BTC can rise to 10,000 dollars. BTC has doubled since April, while ETH and EOS have increased by about 40% over the same period. At the same time, BTC dropped from a peak of $20,000 to a low of about $3,200, a drop of 84%, while ETH had a maximum drop of 94% and EOS was 93%. Other mainstream currencies can also be counted. The dual factors of “oversold” and “stagflation”, in the case of continued market conditions, there is a lot of room for mainstream currency.

Big talk BTC soaring logic Xu Kun believes that BTC rose to 10,000 dollars just around the corner

Big talk BTC soaring logic, Xu Kun, vice president of OK strategy, thinks BTC rises to 10,000 dollars just around the corner

This is the strategic suggestion of the circle of friends I sent yesterday, xrp increased by 30%.

For example, LTC, which has experienced two rounds of bulls and bears, has a good foundation in the community and market awareness. Only LTC in the altcoin has remained in the same line. In addition to the expected reduction in production, relevant technological progress is also worthy of attention. In addition, institutional investors will prefer the varieties with good liquidity and high margin of safety. LTC is also a good target.

Projects that can truly achieve self-hematopoietic and self-profit are worthy of attention. At present, platform coins are the most direct landing, and the recent trend of platform currency is relatively weak, relatively low.

Q3: Do you think you have entered the bull market now? What is the reason?

Xu Kun: Now the overall trend is upward, and the bull market will definitely come. At present, the driving effect of the fund and policy side is very obvious. Before the market has been bear for a long time, the price and value deviate from each other. Although this market is coming very fast, we must respect the market trend and take advantage of the trend.

There are a lot of news that need to be followed up in the near future, including whether Bakkt can be launched on time, the US regulatory level signal, whether traditional finance, Internet giants have substantial business advancement, and the impact of changes in the international situation on the traditional secondary market.

In addition, I think the New York Consensus Conference is worthy of attention. It is not about the impact on the current market, but from the inside to gain insights and gain inspiration. Because there is no substantial technological breakthrough, product landing, or sustainable business model innovation in the industry, and lack of endogenous motive force, it is not enough to rely solely on external promotion.

Q4: Do you think this bitcoin market is really a bull market or will it be re-started and then restarted?

Xu Kun: I think that the btc bulls will look at the long-term cycle, but the volatility of the short-term callback will be even greater, so ask yourself what the risk-to-income ratio you are responsible for. I said in a circle of friends yesterday that the best strategy at this time is to choose other mainstream currencies that have not yet risen.
How should digital currency exchanges develop on their own?

Q5: One topic that many people are more concerned about recently is the decentralized exchange. What do you think of the decentralized exchange? Do you think that the decentralized exchange will become the trend of the exchange in the future? OK Will the decentralized exchange be launched in the near future?

Xu Kun: What you are asking is also a reflection of practitioners in most industries, and it is also a trend. Decentralized exchanges I think is a direction worthy of attention. However, from the perspective of industry, whether decentralized exchanges can replace centralized exchanges, be recognized by the market, or run at a certain time, is still uncertain.

Compared with the compliant currency exchange, the decentralized exchange is still not perfect in terms of speed, customer service system and security. And this is a huge transformation of the model, even if it can really replace, then there will definitely be a painful stage. At the same time, unlike centralized exchanges, there are many things that can't be controlled by decentralized trading. This will also bring certain risks to compliance issues. Therefore, how the industry will develop in terms of form, it will take time and market to verify.

Q6: You are also an early participant in the digital currency market. You have also experienced the “XXO” period of ICO, STO, IEO, IMO, etc. Historically, due to various factors, they have not existed for a long period of time, only in the market. It is a craze for a moment. In the attitude of the "old man" in a traditional financial market, what do you think of the "weird circle" of the currency circle? Is the inevitable development of new things? Or is it unique to the currency circle? As an exchange, how do you find a path that suits your development?

Xu Kun: No matter what concept is used, the essence of these models is “issuing assets, raising funds, and providing liquidity”. The fundamental reason why these models cannot be sustained is that they place too much emphasis on short-term interests and ignore long-term interests. In the process of designing the whole structure, this kind of hidden danger has been buried. All parties hope to realize it as soon as possible. In fact, it is the behavior of the seedlings.

In the traditional financial market, the investor structure is more diversified. Private equity is private equity. The first level is the first level. VC and PE are separated. Different types of investors come in different stages of the company's development, including the rhythm of the overall liquidity release. There will be more stringent controls. There is also a clear definition of the nature of assets. What kind of rights are included in an asset is very clear. Information disclosure also has strict requirements, as well as pre-release review, continuous supervision after issuance, and so on. These seemingly cumbersome processes do provide protection for investors and investors.

Objectively speaking, the current digital asset market function is still not perfect, the system needs to be improved, and the powers and responsibilities are not clear enough. These are the realities. We can learn from the traditional financial market, but at the same time, we must also conform to the growth logic of digital assets. The core is to make the market more fair, standardized and effective, so that we can achieve rapid development.

Head companies are the market's vane, and we can already see some changes, including more rigorous screening and review of projects, exploring more reasonable sales mechanisms, and so on. At the same time, the development of the market requires all participants to form a synergy to promote the standardization process of the industry.

Q7: Recently, the cryptocurrency market has emerged as a “resonance model currency” represented by VDS. Although most investors think that this is a pyramid money and a fund, it is still in the crowd. What do you think about this kind of psychology of investors? And the economic model of the resonance mode coin?

Xu Kun: First of all, I have to understand myself. The cognitive difference of each person determines the perception of the thing itself, which leads to various related results. You can think more about it.

Resonance is actually the "core of mathematics" and "the shell of marketing."

The core logic of resonance is the exchange of an off-site valuable item with an asset that forms an ecological closed loop within the field. In order to increase the cash flow and reduce the circulation of assets in the field, the value of the assets in the field will be increased, and the deflation of the assets will be caused, which will jointly increase the value of the two assets.

Resonant assets generally have to be externally priced and have very strong circulation attributes. If the selected subject matter has no circulation attributes, the value is not significant.

The amount of funds required for the later stages of resonance will continue to expand, and the load on the system of the fission system will continue to increase. Then, whether the fission model considers fission stagnation and how to ensure that the assets in the field are in other circulation, this needs further consideration.

This model provides an idea for the establishment of a decentralized business ecosystem. However, for some current resonance projects, safety, fluidity and control are still to be considered. I think investors should still invest in and protect their rights and interests on the premise of fully understanding the project background and rationally judging risks and benefits.

Q8: What is your judgment on the future big trend of the digital asset industry?

Xu Kun: Good! The whole is spiral upwards and there are several significant trends.

My logic has three. First, the trend of global compliance is accelerating, and the digital asset market will flourish under more preconditions. Second, institutional investors will become the main growth point of the next round of bull market, traditional funds and professionalism. The admission of the team will bring changes to the overall market structure. Third, the infrastructure is very critical. In the traditional financial market, the digital asset market is not fully functional and the rules are not sound enough. It must be self-iteratively upgraded to provide better Service to open the incremental market.
Stabilizing the currency rivers and lakes, who is the main ups and downs?

Q9: Recently, people are paying more attention to it. What do you think about the stable currency and the strategic significance of the stable currency of the exchange? Is it for the purpose of opening up the digital currency world or has other purposes?

Xu Kun: Stabilizing coins is a bridge between the real world and cryptocurrency. In the process of turning the bear into a bull market, the stable currency is an important means of maintaining value; in the process of turning the bull market into a bull, the stable currency is an incremental capital entry, which is crucial for the development of the entire market.

As the market moves up, there will be more investors paying attention to the blockchain and digital assets. For traditional French-based investors, it is a more convenient and acceptable way to enter the market through stable currency. Stabilizing coins will be an important tool for global investment in a compliance manner, enabling more efficient asset allocation.

OK will launch a compliance stable currency, the most fundamental purpose is to provide users with safer and more convenient services. The stable currency itself is an efficient payment settlement tool, and under the premise of compliance, it can also learn more from the traditional financial business model, including lending, custody, trust, asset management, etc., stable coins will start in these businesses. To an important role.

In addition, with the improvement of the basic performance of the public chain and the development of the protocol layer, there will be more high-quality DAPP products, and the stable currency will become the medium for users to obtain services on the chain, and bring incremental users to the public chain ecology.

Q10: What do you think about the issue of stable coins for Morgan and Facebook recently? What is the ambition behind them? What are the advantages and disadvantages of the stable coins they issued?

Xu Kun: Morgan and Facebook issue stable currency, all want to establish a global cross-border payment network. Morgan took the lead in the layout, relying on the strength of traditional financial services, and taking the institutional business as the entry point. Facebook has not officially announced a stable currency program.

The technology, capital, and talent strength of the traditional giants are unquestionable, but the biggest advantage is that they have gained a lot of help in terms of customer acquisition, brand reputation and early-stage user accumulation for the expansion of new business.

But this is a good thing for the blockchain industry as a whole, and the endorsement of traditional giants can effectively reduce the cost of educating users and opening up incremental markets. The overall market has grown bigger, and as long as our products and services are excellent, we will certainly occupy more space.

Q11: How do you think about the battle for stable currency? At this stage, the focus of stable currency competition or the key to breaking the game is? What kind of stable coins can win in the market in the future?

Xu Kun: The key to the stable currency model is “trust”. If there is no external supervision only by self-discipline, it is very easy to have various internal operational behaviors, and it is difficult to ensure the safety of funds and sufficient collateral. For example, several fund events of USDT have actually shaken its trust base. Therefore, the stable stable currency will occupy a part of the market share of the stock, we are very confident.

The stable currency market has only just begun, and there will be more competitors entering, and it will bring changes to the overall market structure.

Compliance must be the direction of stable currency development. Only by adhering to the policing, auditable, and transparent compliance principles can we maximize the credibility and value stability and truly build a complete and trustworthy transaction closed loop. OK's stable currency is doing this.

However, the stable currency is ultimately a comprehensive strength, in addition to the need for stable technical support, quality services, and strong business development capabilities. (Star Daily)