Why has Bitcoin skyrocketed? To put it bluntly, this is a conspiracy by the US political circles and capital, who want to use it to continue to maintain the US's position as the financial leader.
Let’s explain the logic here in plain language.
This round of surge is a typical "Trump deal" because Trump has changed his previous attitude and made it clear that he wants to relax the regulation of cryptocurrencies and build the United States into a "Bitcoin superpower." He also said he would fire the chairman of the SEC because he introduced more than 100 measures to strictly control cryptocurrencies.
With what he said, the capital behind Trump became the biggest winner. For example, those who provided him with a lot of campaign funds included Cameron and Tyler Winklevoss, co-founders of the encryption platform Gemini, and Jesse Powell, co-founder of the Kraken exchange.
Musk has repeatedly endorsed Dogecoin, and the Trump family will not miss this opportunity. He and his children launched a new crypto business called World Liberty Financial in September 2024, indicating that he now has direct financial interests in this field.
Even Bill Gates, who previously supported Trump's opponent Harris with a $50 million donation, is now considering spending big bucks on Bitcoin in December. Additionally, big Wall Street players like Blackstone and Fidelity are also buying Bitcoin like crazy, with many companies holding over a million coins.
Analysts cheering for these people are also unwilling to be outdone, with the next target price directly set at $150,000.
Why are they so crazy?
Because they should have discussed internally to bestow Bitcoin with the same status as gold, and then the US firmly controls its pricing power, using it to continue maintaining its financial advantage.
In the past two years, the dollar's status has visibly declined, mainly due to the $35 trillion US debt, which increases by $1 trillion every 100 days. This huge debt poses immense pressure on the US economy, making it fundamentally unpayable. The dollar was once linked to gold, then to oil, but now it's linked to enormous debt, which feels very unstable.
In the past, many central banks kept their gold in the US, but in recent years, countries have been repatriating their gold, like our central bank, which brought back one to two hundred tons each month at one point.
The oil issue is even bigger; previously, Saudi Arabia and its allies listened to the US, but now they are becoming increasingly assertive. When the US wants to develop shale oil, they directly initiate significant price cuts, effectively putting many American oil companies out of business. While the US restricts China, Saudi Arabia invests heavily in China, and since Salman took office, their attitude towards the US has changed significantly.
The trust crisis in the dollar has never been this great.
So how does Trump want to respond to this matter?
Now the anchor supporting the dollar is mainly US debt, but the whole world is very worried. Next, it relies on international payments and dollar assets, which are also frequently challenged.
Currently, among the major assets that are believed to stabilize currency value, gold and oil are ranked first and second, while silver is fourth, all of which are too dispersed and difficult to control, making it hard for the US to rely on them. Bitcoin, ranked third, best meets their requirements.
There are only 21 million Bitcoins, which are decentralized and can hedge against the risks brought by the dollar's decline. Moreover, the pricing power of Bitcoin is primarily in the hands of American capital. Its current total value is about one-tenth of gold, and every time it rises by 5%, it’s like the US discovering a big gold mine, enabling the dollar to gain more support. Thus, the entire US has a strong motivation to push up Bitcoin's price.
Moreover, Trump also said, 'The US debt is indeed unpayable, so let's give those creditors some Bitcoin in the future.'
It seems like a joke now, but if US debt continues to be issued recklessly, many countries might really prefer Bitcoin over the dollar.
Therefore, America's current strategy is to firmly control the pricing power of Bitcoin and other tokens, turning Bitcoin into a brand new digital gold, which supports the dollar while also providing another tool for harvesting.
This must be mentioned: the US once viewed cryptocurrencies as a formidable threat, fearing to avoid them, but they initially made a big turnaround, targeting various crypto moguls. Some have died under mysterious circumstances, and the owner of the largest trading platform, Zhao Changpeng, paid a massive fine of $7.2 billion and spent some time in jail, only recently being released and complying completely.
Now, Americans deeply control these assets, leveraging their financial influence and media persuasion to call on the world to help elevate their status, easily raking in a lot of assets, and everyone is scrambling to buy.
I can only say that they are targeting us, but we aren't afraid; let's just do it. However, these technical operations are still worth studying.$BTC 
