Recently, a bizarre scene occurred: just three weeks after Trump took office, Bitcoin surged more than 40%, and its price briefly touched $100,000. Compared to ten years ago, it has increased more than 200 times. The returns are enough to outperform any asset globally. Meanwhile, international capital continues to fan the flames, loudly proclaiming that Bitcoin's price will increase tenfold within the next year. At this point, whether insiders or outsiders, both knowledgeable and unknowledgeable individuals can feel that the situation is quite abnormal. If you consider Trump's pre-election statement about making the U.S. a Bitcoin superpower, it’s easy to deduce that this Bitcoin surge is strongly correlated with U.S. politics. What’s even more chilling is that the U.S. is the largest country that holds Bitcoin, which means it has enough trading chips and higher pricing power. As long as the U.S. can make everyone recognize Bitcoin, it can completely leverage Bitcoin to build a new dollar trading system. Previously, the dollar was linked to gold, similar to holding U.S. Treasuries, and achieving this goal doesn’t seem difficult since global recognition of Bitcoin is becoming stronger.
Strangely enough, since Bitcoin was first proposed in 2008, it has been labeled as a Ponzi scheme and a financial bubble, yet it has endured through four cycles without collapsing. In short, the value of an asset is based on the shared recognition of the market; as long as all participants recognize it, it has value. Whether it’s Wall Street tycoons or many countries, they are all hoarding it. Bhutan even regards Bitcoin as a new national reserve asset, and this continuous strengthening will further increase Bitcoin's value, creating a huge wealth effect that ultimately attracts more participants and instills unwavering confidence in Bitcoin's value.
As of now, Bitcoin's total market value is only second to gold, making it the second-largest asset class globally. The biggest beneficiary of the whole situation is the United States, as for them, the previous gold-oil system linked to the dollar is gradually collapsing. 20% of global oil transactions are continuously attempting new non-dollar settlement systems, and the trust crisis in the dollar is very severe.
Then rebuilding a dollar-centric trading system is undoubtedly the best choice at the moment, so they chose to use Bitcoin as the new anchor point to control the world with the dollar. As long as Bitcoin can gain global recognition, anyone who participates can enjoy the benefits of asset growth together. In simple terms, it means driving up the price of Bitcoin, then pulling it down to buy it back, completing a round of capital harvesting. The entire process benefits the United States, while others foot the bill. One can only say that the combination of punches thrown by the U.S. is indeed flawless, but whether it can ultimately be realized still depends on how Bitcoin progresses.
