China has imposed restrictions on silver! What impact does this have on the crypto world? Just like the surge in gold prices, what effect does that have on the crypto market!!! The phenomenon we can observe is that gold rises, US stocks rise, but Bitcoin just doesn't go up. I rarely pay attention to silver; I only know from the crypto circle that silver has doubled, but it's just bombarded by news. Previously, gold was mainly bought by sovereign countries like China, India, etc. Some people might know that China is regulating silver, and then speculating.
China's regulation of silver is no less strict than its control over rare earths. Silver is used in aerospace and photovoltaics. China's refining capacity can reach 5g, while other countries can only achieve 50g. What does that mean? Simply put, with the same amount of ore, China can profit by refining 5g, while other countries need 50 or even 100g. China is the largest refining export country. Overall, the global silver gap is about 3,000 tons. This regulation is concerning because prices have already risen earlier, and now the negative news is settling in. According to the operators, silver should fall, but it’s still rising; in the long term, it will go up. I think the funds in the crypto circle previously flowed into silver, gold, and US stocks. After profits are extracted, they will likely return to Bitcoin.
Of course, what I can see, the big players can see too, and they will follow the trend. If Bitcoin's trend turns downward, the big players will use this inflow to push Bitcoin higher. It’s very likely to break through 945, with a conservative target around 900.
I think, well, I’m copying coins, but there’s so much to learn. It used to be purely about trading coins, but now I also need to do research, understand international politics and economics. Now I also need to understand US stocks, gold, and silver. It’s really a lifetime of learning, a lifetime of study. Altcoins will also have a wave. I personally got into ARB and SD. Some students bought Doge. Everyone should buy according to their own understanding—don’t go all-in!