Bitcoin hits a record high, the reasons behind it are terrifying

In the past two weeks, Bitcoin has continued to rise, even rising 10% in one day, with the highest price reaching $87,931

The reason why Bitcoin has risen so fiercely must be attributed to the support of King Trump.

Before taking office, King Trump not only promised to relax the supervision of virtual cryptocurrencies, but also began to issue cryptocurrencies himself

This led to the market forming extremely high expectations for virtual currencies, and funds began to speculate on cryptocurrencies.

Why did the United States and King Trump recently start to vigorously promote Bitcoin? The reasons behind this are not simple at all. Let me give you an in-depth analysis.

First of all, what role does virtual currency play?

Many people regard it as a decentralized currency, an independent system of all national currencies, and this role positioning is definitely wrong.

Because virtual currency has never been an independent currency, it is a tool of the US dollar system and a currency pool of excess US dollar liquidity.

That is to say, when too many dollars flow into the market and the dollar depreciates, the virtual currency market is a piggy bank that can accommodate too many dollars.

It can reduce the popularity of the dollar and avoid excessive depreciation;

It can also prevent funds from flowing to assets and commodities in other countries, helping the dollar win the currency war

So the dollar is not a decentralized currency. It will not challenge the core position of the dollar. It is just a tool for money laundering, balancing exchange rates, and suppressing foreign currencies and commodities

When you understand the nature of virtual currency, you will know why King Understanding wants to praise virtual currency to the sky before he takes office.

After all, since the Fed began to cut interest rates, the US dollar exchange rate has been unable to hold up, and the demand for US dollar funds to hedge risks has become greater and greater. Money has flowed out to gold and China, and gold prices and A-shares have risen.

At this time, if King Understanding does not do something to save the dollar, then all his bold words will become nonsense#BTC☀