Viewpoint: BTC rises to historic high, partly due to investors seeking alternatives to US assets

Odaily Planet Daily Reuters reported that the US financial worries and the tepid auction of US treasury bond bonds, as well as Trump's attempt to push the Congress to pass its comprehensive spending and tax reduction bill led to the decline of the US dollar. Against this background, Bitcoin broke through 110000 US dollars this Thursday, hitting a record high. Part of the reason is that investors seek alternatives to US assets, while also releasing the signal that the bull market of cryptocurrency still has room for further growth. These signals include: the general recovery of the stock market, the reinvestment of funds in Bitcoin ETFs, and the increasing number of listed companies holding Bitcoin. （Reuters）