The interest rate gap between China and the United States, and the capital outflow of the rich. However, the political risk of confrontation between China and the United States has caused funds to flow back to Hong Kong. The currency has depreciated due to excessive issuance, and Bitcoin’s anti-inflation properties have become hard currency. The Hong Kong crypto market has become a reservoir of China’s over-issued currency and has taken over domestic and overseas capital outflows. The essence of China's economic fundamentals lies in the lack of purchasing power. Domestic demand cannot rise in a short period of time, and real estate investment cannot stimulate exports. Exports mainly compete with Japan. The Japanese yen has had zero interest rates for many years. This year, Japanese stocks hit a 30-year historical high. Only by depreciating the RMB against the Japanese yen can export competitiveness be improved. Therefore, China will cut reserve requirements and interest rates in the second half of the year, and the RMB will further depreciate. Looking for an outlet for excessive currency issuance, that is the Hong Kong crypto market #合约锦标赛 #BTC