Cobo God Fish: If the United States cannot establish Bitcoin reserves, is the bull market really coming to an end

Recently, crypto asset custody giant Cobo and Wu Shuo Blockchain jointly held an online discussion on social platform X, with the theme of "Bybit $1.5 billion was stolen. Is it really safe to sign more?"

Cobo founder Discus Fish shared his experience of 12,000 ETH stolen last year and pointed out the importance of safety. He stressed that in the face of potential cyber threats, we must remain highly vigilant in order to effectively ensure the security of assets.

U.S. Bitcoin Reserve: The key to a bull market?

Shenyu believes that the key to the next bull market may be whether the United States has established Bitcoin reserves. He predicts that if the United States can clearly establish a path to establish Bitcoin reserves in the second half of this year (June to October), the market will usher in more capital inflows. On the contrary, if this plan fails to be realized, the bull market may end there.

The market confidence declines, and the probability of success is only 46%.

According to Bitcoin ReserveMonitor data, although some states have proposed to use public funds to build Bitcoin reserves, the parliament of five states (Pennsylvania, South Dakota, North Dakota, Montana and Wyoming) has rejected the proposal.

Data from decentralized forecasting platform Polymarket shows that the market expects the probability of establishing Bitcoin reserves in the United States this year to be 46%, a decrease from 65% on January 19, reflecting a weakening of market confidence.

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