The US debt increases by $1 trillion every 90 days. Some of this is distributed to the poor, who consume it and turn it into income and profits for listed companies.

The stock prices of listed companies rise, and the wealth of major and small shareholders increases. As long as the population does not collapse and the status of the US dollar is stable, it can continue to spiral.

It's like a snowball, rolling bigger and bigger. Can it stop?

The gold price is now over $2,500, up 21% this year, exceeding Nasdaq. The more dollars there are, the more gold, US stocks and BTC can rise. The gravity that affects the height is the valuation of US stocks and the inflation rate. Now that inflation is moving in a good direction, the valuation is just like that, neither good nor bad.

In the second quarter, more than 700 funds added BTC ETFs. They treated it as a leveraged version of gold. If there had been no capital outflow from the industry, it would have been over 80,000. Crypto is now a burden to BTC...#美国CPI数据连续第4个月回落 #杰克逊霍尔年会 #美国7月PPI低于预期 #美联储何时降息？ #新币挖矿TON $BTC $ETH $BNB