The third factor is the impact of the overall financial environment. Many friends will compare it with gold. Before the traditional economy intervened, that is, before Bitcoin was listed, the trend of gold, especially before 2019, did have a lot in common. Since Bitcoin was listed, the trends of the two have basically nothing to do with each other. The current currency market is almost unrelated to gold and US stocks. After listing, it has become an independent entity. There is a competitive relationship with almost all markets, so don't have other illusions. At this stage, the overall financial economy, except for the US stocks and the bulk and gold energy-related markets, other markets are almost all in a downward trend. It's not that the US economy is so strong, but that the world economy cannot do without the leadership of the US. The strength of the US will mislead you that the financial environment has improved. It's hard for you to judge the indicators of improvement. You can focus on the military level. The cessation of wars in various places is the charge for the improvement of the financial environment.

Overall, the world economy is still at a disadvantage, and the strength of the US comes entirely from the support from below. Unemployment rates in various places, military, disasters, rising prices of bulk commodities, competition for energy and inflation, everything is over-issued. Whether it is the subprime mortgage crisis or the ordinary financial crisis, all of these are common problems of capitalism. On-demand purchases and production will always come, which is a topic that mankind needs to face together. This is also the biggest obstacle that makes it difficult for the currency circle to create historical highs in the near future. The whole world is trapped in a crisis, and it is difficult to help the currency circle rise again. The recent general trend of the currency circle is to be trapped in the range of shocks, but due to the traditional capital support brought by the listing of Bitcoin, the currency circle will not have a sharp decline. This is the solution that the Americans should think of. What we have to do is to find a foothold for survival in the general trend.