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BRICSinfo

@bricsinfo

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Bitcoin broke through the historical high of 100,000, and the market continued. In the future, more and more developers will build an ecosystem on Bitcoin. The higher the price of Bitcoin, the higher the handling fee. At this time, a second-layer project is needed to reduce the fee so that everyone can play with the Bitcoin ecosystem. Spiderchain was developed by @BotanixLabs and is positioned as a decentralized equivalent EVM second layer on Bitcoin. Polychain, Placeholder and others participated in the financing of 11.5 million US dollars. Aragog testnet has just been released. This is the testnet v1 stage launched by Spiderchain in multiple stages, preparing for the Spiderchain mainnet in 2025. It is expected to be launched on the mainnet in Q1 of 25, and real users are encouraged to actively participate in testing.
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The last time was 20 years ago, the epidemic crisis, the U.S. stock market was continuously circuit-breakered, a super crisis that we may only encounter once in our lifetime. As a result, the United States launched unlimited QE, which is very similar to China today - the translation is the same meaning: Don't be afraid, have confidence, I have unlimited bullets! As a result, after 312, the currency circle, like the United States, started a crazy bull market that lasted for several years. You can analyze the garbage of A-shares, and you can also notice that there are a lot of companies reducing their holdings. Many garbage companies will take the opportunity to reduce their holdings, etc., but I think looking at the big trend and looking at high-quality companies, this will be the second time we are lucky enough to see unlimited QE of a big country in our lifetime.
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