Hot News! The financial showdown between China and the United States is imminent, is Bitcoin becoming America's new weapon?
First, in anticipation of the new Treasury Secretary, the yield on the 10-year U.S. Treasury bond has dropped significantly, both stocks and bonds are rising, and the weakening dollar has caused global market turbulence.
Second, despite the Federal Reserve issuing risk warnings for U.S. stocks and a warning that U.S. debt will exceed $36 trillion, supporters of Trump still firmly believe that America will be "great again."
Third, on November 22, Pennsylvania passed the "Bitcoin Rights Act," designating Bitcoin as a strategic reserve currency, leading to a new high in Bitcoin prices.
Fourth, after Trump's return, Bitcoin may be positioned alongside the dollar, U.S. debt, and U.S. stocks as an important dollar asset.
Fifth, senior figures in the cryptocurrency industry and investors are investing heavily to promote a large number of friendly individuals into the U.S. Congress, making this government the most supportive of Bitcoin.
Sixth, the cryptocurrency industry's political action committee has invested $245 million to support Trump's re-election.
Personal opinion: Bitcoin's status in the U.S. is steadily rising and may become a new weapon in the financial showdown between China and the United States. However, financial market risks still exist, and investors should proceed with caution. What do you think Bitcoin's role will evolve to in the future financial market? Feel free to leave a comment and share your views!
