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Yesterday, while chatting with friends, many expressed to me the possibility of a sharp decline or crash in the US stock market, using Buffett's exceptionally high cash reserves as evidence. Whether it's the Great Depression or the internet bubble of 2000, a crash has two essential conditions:
1. Economic downturn (rising unemployment rate, weak consumption) 2. Credit tightening (interest rate hikes, increased loan thresholds). Currently, both are quite healthy, with technology companies showing stable and rapid growth.
3. The US stock market bull run will continue, and the cryptocurrency market bull run will also continue.

Several factors driving new highs in the second half of the bull market:
First, the digital currency industry has spent a lot of money this year to support "right" candidates and has gotten over 100 lawmakers into Congress.
Second, successfully reversed Trump's view on digital currencies.
Third, persuaded Trump to replace the SEC chairman and the Secretary of Commerce. The newcomers for these two positions are both huge supporters of Bitcoin.
Fourth, Trump promised to establish a national digital currency reserve.
Currently, BTC is in a corrective and fluctuating market, which is actually a great opportunity for retail investors to re-enter. If they miss this chance to buy the dip again, they might really miss the entire bull market. In mid to late January, the price will gradually rise, and a one-sided market will slowly form. This time, one must be bold enough to enter the market in batches; BTC's price will definitely break new highs again, and we will wait and see.