Recently, I have been in cash position for various reasons, one of which is that the expectation of interest rate cuts has been postponed to December. There has been a lot of turmoil this year, and first of all, I want to thank the two leaders of Chuanma!

To elaborate on the main reasons, it's because of #Pi币 ; I fear it might trigger a black swan event. Everyone has seen the cancellation of bg's Pi coin launch, right? Many say that bg's backend isn’t as solid as OK, but I don't think that's the case.

Previously, Pi coin had no market manipulation, but last year, manipulators seemed to have entered, leading capital to start causing disturbances, especially on OK. I personally believe that Ponzi schemes are the most dangerous; if things go wrong, the elderly could end up being used as pawns!

Hypothetically! If the authorities suddenly prioritize and release something regarding the complete regulatory draft for virtual currencies, would you be happy?

1. 1.$BTC Bitcoin weekly death cross
2. Interest rate cuts delayed
3. Black swan
So I prefer to remain in cash during this period.