Topic: The bitcoin and miners bull will still exist until start of 2022 (Read 50 times)

Bitcoin and ASIC mining machines have been popular in the past two years. Why have Bitcoin and mining machines been popular in the past two years? The reasons are as follows:
1. The impact of the epidemic, due to the cause of the epidemic. The vast majority of the real economy has been affected, and in order to save the economy, many global government banks led by the United States are issuing large amounts of currency
To save the economy. This will lead to over-issuance of a large number of currencies around the world, and currency depreciation. These over-issued currencies can only go to the stock market, housing market, commodities, and Bitcoin. As for gold,
Since governments of all countries strictly control gold, it is basically impossible for private individuals to trade gold, so there will not be too many currencies going to gold.
2. Bitcoin halving, basically in the second year after Bitcoin halving, there will be a bull market. 2020 is the day when Bitcoin halves. Generally speaking, the bull market will come in the second year after the halving.
3. The admission of funds from large institutions and large companies. In the past, there were a lot of personal behaviors to mine Bitcoin. Now many fund companies and even the world's top 500 listed companies have come to buy bitcoin or buy mining machines.
As a result, a large amount of funds entered the market, and the price of currency and the price of machines rose substantially. For example, Tesla’s boss has a direct influence on the price of Bitcoin.
4. The global chip shortage has led to insufficient production capacity of graphics cards and Bitcoin mining machines. Antland's BTC mining machine has been sold until October 2022. That is to say, in October 2020, Ants may not have more machines sold. Other manufacturers also delayed their delivery time due to chip shortages.
A, Innosilicon's delivery of A10 Pro 720M in December 2020 has not been completed yet.
B, Avalon's goods for March 2021 have not been fully delivered, and it should be completed in the near future.
C, Ibelink's N1 MAX at the end of March and early April 2021 has not been delivered yet.
D, Bitmain, Whatsminer's delivery dates are somewhat delayed.

In a word, when the epidemic is still exist, the bull will still exist.