In an era of inflation and deflation, you may lose money by investing in anything, especially in the real economy. Those who have some money are willing to deposit more in the bank no matter how low the interest rate is, and choose to lie flat; those who have no money are getting poorer and poorer, and they have to make do with what they have, and the low interest rate of the bank's money has nothing to do with them. Does this round of interest rate cuts and bank liquidity have real practical significance? The real rich are institutions. In the absence of new retail investors entering the market, this market is mainly a matter of institutions twisting their hands. The tens of thousands of points pulled by BlackRock ETF will go down the same way it went up. When the bull left, it left silently without a sound. In addition, the BTC car is too heavy, and the price is high at 50,000 or 40,000 yuan. It is very difficult to restart the bull market after the interest rate cut, and it cannot be pulled. If it is to increase from 50,000 to 100,000, the market value of the crypto market needs to increase by another 2 trillion US dollars. Is there such a large amount of liquidity now? It is not visible for the time being.