The capital market is the most sensitive economic thermometer, reflecting the economic fundamentals and global situation.
1. The capital market reflects economic fundamentals
The stock market essentially reflects the economic situation, such as the alignment of the Shanghai Composite Index 50 with GDP growth.
2. The safe-haven property of gold
Gold, as a globally circulated anti-inflation asset, is the 'Bitcoin' for the Chinese.
3. The speculative nature of Bitcoin
Bitcoin is purely a speculative tool, its price mechanism is 'fool's game', and it carries risks.