• Bitcoin Price Performance: Recently very active in the capital market, the price has reached an all-time high, breaking through $99,000, with options traders even setting a target of $150,000.

• Reasons for the Increase: The relaxation of regulations on virtual cryptocurrencies before Trump's inauguration has sent positive signals, leading to a massive influx of capital into the virtual currency market, driving up its price.

• Bitcoin Attributes and Functions: It is not completely independent of the dollar system; it acts as an "auxiliary tool" to the dollar. In the context of a dollar credit crisis and dollar flooding, it can absorb excess dollars to prevent capital outflow, and it can also change the flow of dollar capital through price increases, suppressing other assets and becoming a protective firewall for the dollar.

• Impact on Other Markets: When Bitcoin's price surges, the A-share market performs poorly, showing significant declines.

• Key for Investors: As a general investor, it is important to pay attention to macroeconomic trends, especially the pace of interest rate cuts by the Federal Reserve.