To The Moon

In the first half of the year, Bitcoin (BTC) emerged as the best-performing asset, experiencing a rise of over 80% to close above $30,000 on June 30. This performance outpaced other significant assets such as $Gold - main 2308(GCmain)$ , $S&P 500(.SPX)$ , and the Nikkei 225 index. $Valkyrie Bitcoin Miners ETF(WGMI)$ $VanEck Vectors Digital Transformation ETF(DAPP)$ $AdvisorShares Sabretooth ETF(BKCH)$ $Invesco Alerian Galaxy Crypto Economy ETF(SATO)$ $Bitwise Crypto Innovators ETF(BITQ)$ $iShares Blockchain and Tech ETF(IBLC)$ $First Trust SkyBridge Crypto Industry and Digital Economy ETF(CRPT)$ $Fidelity Crypto Industry and Digital Payments ETF(FDIG)$ $Grayscale Future of Finance ETF(GFOF)$ $MicroSectors FANG+ Index ETN(FNGS)$ Goldman Sachs ranked Bitcoin as the best-performing asset of 2023. Why did BTC posted strongest performance in H1? In the first half of the year, Bitcoin has shown resilience. The crypto market dealt with the effect of the collapse FTX and several crypto-related firms. However, bank run and debt crisis propelled investors to seek for safe-haven asset like cryptos. Despite the collapse of two major banks with links to cryptocurrencies (Silvergate and Signature Bank), the expansion of the Federal Reserve's balance sheet and the addition of liquidity through "QE Light" benefited Bitcoin. Recent indications that the Fed may be nearing the end of its rate increase cycle have also had a positive effect on BTC. Less rate hikes in Q2 2023 could provide support for the value of the top cryptocurrency. —————— Have you profited from BTC’s 80% gains? Do you have plan to invest in BTC? Leave your comments to win tiger coins~