After the cryptocurrency accounting standards and the Federal Reserve announced that interest rates would remain unchanged, the BTC market reflected clearly and rebounded by $1,000. The macro-environment is developing in a good direction, and the degree of compliance is getting higher and higher, which will bring more institutional currency holdings and national fund currency holdings, and BTC will increasingly have gold attributes.

Institutional currency holdings in the last bull market were driven by Tesla. Unexpectedly, the plot of this bull market is happening again, but the leader is the US government.

Expected events next year include the presidential election, the launch of Bitcoin spot ETFs, a new round of Bitcoin halving, endogenous innovation in Cryto, etc., which will help drive up the price of the currency. Next year will be a year when both stocks and currencies rise. Of course, here The stocks refer to US stocks.

The relationship between Crypto and the U.S. dollar is getting closer and closer. We don’t know whether to be sad or happy. If China had not eliminated all virtual currencies back then, but instead vigorously guided compliance, would the gap between the RMB and the U.S. dollar be narrower now? Woolen cloth?

History cannot be changed, we can only explain and predict it. China has always emphasized the real economy, which is understandable, and the rise of the virtual economy is not inconsistent with the real economy. I believe that Crypto is the most important component of the virtual economy and the easiest and fairest way to achieve global financial inclusion.