We are currently in a bear market. The bear market is long, but it will definitely pass. The rules of the game in today's world are actually set by the people on Wall Street, the Americans. But it is true that we in China will not let them continue to fleece us. So now the conflict between Western and Eastern civilizations has already occurred.

We have also seen that every time an economic crisis occurs, the US's solution is to print money. Printing money can solve all problems. The president changes every four years. Whether it is a change or re-election, the first thing to do is to boost the economy. The US stock market, US bonds, and the US dollar. The Federal Reserve itself can only be an institution that can only adjust by raising interest rates and shrinking the balance sheet. It is indeed powerless. This term of old Bao is relatively difficult.

The basic logic is this, all capital is not making money. In a bear market, at this time, it is basically impossible for anyone to make money, and everyone is losing money. What we are doing now is to accumulate funds. Everyone must be clear that the bear market will definitely pass, and the bull market will definitely come. In the next bull market, the price of the currency may be higher, especially Bitcoin. The increase in Bitcoin in the next bull market is likely to be unmatched by ETH. Bitcoin will become the only token that has passed the ETF, a truly decentralized token, a bit like the time when gold passed the ETF. Gold has risen 30 times so far.

Through ETF means that mainstream capital in the United States can buy it. Now, retirement funds, pension funds, and various sovereign funds cannot buy it. The US dollars printed around the world basically go to a few places. One is to various countries that are mainly exporting, mainly China, and energy exporters like Saudi Arabia and Dubai. However, these US dollars are held by a few regimes and a few people. These people take the US dollars back to the United States and invest in US stocks and US bonds to continue to blow bubbles. This is the rule of the world game. So I think that this time Bitcoin will be unprecedentedly soaring through ETF, and various small currencies will also rise to a new height.

Another reason is that Bitcoin has experienced three bull markets since 2008, in 2013, 2017, and 2020, all of which coincided with three rescues. Two were rescued by the United States and one by China. China printed 4 trillion, and the United States just kept printing money. I personally don’t think there will be a fourth time, but there may be, but it’s hard to say, because if the rescue continues, human society will not be able to develop. Since the end of World War II, there has been no major war or the like, but before World War II, humans had always been experiencing large-scale wars, severe population reduction, or natural disasters, plagues, and each time they had to restart.

As we all know, the United States has no production capacity and basically no industry. It relies on Silicon Valley technology, New York finance, and Los Angeles culture. It only does these three things: technology, finance, and culture. It has carved up the whole world. Originally, it was East Asia that paid the bill. For example, before China opened up, the four Asian tigers were responsible for paying the bill. They fed the Western world and needed workers. The main value of globalization lies in East Asia, where they can find free labor, make things one by one, and sell them in the United States for 10 dollars. Then the United States will ensure that they can operate normally and that low-priced products are affordable for Americans. But now that East Asia has basically developed, people don’t like to be migrant workers all the time, so now they are running to places like Vietnam and Cambodia. But the population in these places cannot support such a large Western world. Vietnam has a population of only over 100 million, so this is a big social problem. The financial crisis is actually a social problem.

As for this social problem, China is the only country that can ensure the continued operation of the world supply chain. So this time is different. This time it will trigger a bigger bubble, but it must first go very deep to the bottom, so that the United States will truly decline, the Western world will truly decline, and everything pegged to the dollar will plummet. The dollar will rise, and the rise of the dollar is also due to the so-called interest rate hike, which will flow hot money from all over the world to the United States. Assets are flowing, and rich people are doing the same thing, which is to block their money in the United States. But now China is a new choice. If both sides are betting, then there may be the largest recession in history. After this recession, there will definitely be a huge rebound. How big it will be, no one knows. This is blown up by the whole world. ​​​​#BTC