I remember it was in 2013, the price of Bitcoin increased 88 times, from 12 US dollars at the beginning of the year to more than 1,100 US dollars at the end of the year, but the fluctuations that year were particularly large. One day it plummeted, and the price was more than 50 US dollars at the time. My friend pointed at the computer and told me that this thing would be very valuable in the future. The next day he said he bought 100 of them and would hold them for 20 years.
But unfortunately, he passed away unexpectedly the following year, and no one else knew where he kept his bitcoins. They just disappeared into thin air. These bitcoins are now worth more than 60 million. If he were still alive, he could do what he really liked. It has been almost 10 years.
Let’s get back to today’s topic.
Why has Bitcoin skyrocketed? To put it bluntly, this is a conspiracy by the US political circles and capital, who want to use it to continue to maintain the US's position as the financial leader.
Let’s explain the logic here in plain language.
This round of surge is a typical "Trump deal" because Trump has changed his previous attitude and made it clear that he wants to relax the regulation of cryptocurrencies and build the United States into a "Bitcoin superpower." He also said he would fire the chairman of the SEC because he introduced more than 100 measures to strictly control cryptocurrencies.
With what he said, the capital behind Trump became the biggest winner. For example, those who provided him with a lot of campaign funds included Cameron and Tyler Winklevoss, co-founders of the encryption platform Gemini, and Jesse Powell, co-founder of the Kraken exchange.
Musk has endorsed Dogecoin many times, and the Trump family will not miss this opportunity. He and his children launched a new crypto business called World Liberty Financial in September 2024, indicating that he now has direct financial interests in this field.
Even Bill Gates, who previously supported Trump's opponent Harris and donated $50 million, is now considering spending a lot of money to buy Bitcoin in December. In addition, Wall Street giants such as Blackstone and Fidelity are frantically buying Bitcoin, and many companies hold more than 1 million coins.
The analysts who cheered for these people were not to be outdone, and their next target price was directly set at $150,000.
Why are they so crazy?
Because they should have discussed it internally, which is to give Bitcoin the same status as gold, and then the United States will firmly control its pricing power and use it to continue to maintain the United States' financial advantages.
The status of the US dollar has been visibly declining in the past two years, mainly due to the 35 trillion US dollar US debt, which is increasing by 1 trillion every 100 days. This huge debt has put tremendous pressure on the US economy and it is impossible to pay it back. The US dollar was previously linked to gold, then to oil, but now it is linked to huge debts, which feels very unreliable.
In the past, many central banks of various countries kept their gold in the United States. In recent years, everyone has been transporting the gold back to their own countries. For example, our central bank once transported back one or two hundred tons every month.
The oil problem is even bigger. In the past, Saudi Arabia and other small brothers listened to the United States, but now their tempers are getting worse. When the United States wanted to develop shale oil, they directly cut prices and killed all the American oil traders. The United States is restricting China, but Saudi Arabia has made large investments in China. After Salman came to power, the attitude towards the United States seems to be very different.
The crisis of confidence in the US dollar has never been so big.
So how does Trump want to deal with this matter?
The anchor supporting the US dollar now is mainly US debt, but the whole world is very worried. Secondly, international payments and US dollar assets are also frequently challenged.
Among the major assets that everyone now believes can stabilize the currency value, gold and oil, which rank first, and silver, which ranks fourth, are too fragmented and difficult to control, and it is difficult for the United States to rely on them. Bitcoin, which ranks third, best meets their requirements.
There are only 21 million bitcoins. Decentralization can hedge the risks brought by the decline of the US dollar. Moreover, the pricing power of Bitcoin is basically in the hands of American capital. The current total value is about one-tenth of gold. Every 5% increase in Bitcoin is equivalent to the discovery of a large gold mine in the United States, and the US dollar will gain more support. Therefore, the entire United States has a great motivation to push up the price of Bitcoin.
Trump also said, "The U.S. debt is indeed not paid off, so we should give some Bitcoin to those creditors in the future."
It seems like a joke now, but if the US debt continues to be issued without restraint, many countries may really prefer Bitcoin rather than US dollars.
Therefore, the current strategy of the United States is to firmly control the pricing power of Bitcoin and other tokens, turning Bitcoin into a new digital gold, which not only supports the US dollar but also provides an additional tool for harvesting.
This has to be said. The United States once regarded cryptocurrency as a scourge and tried to avoid it as much as possible, but they were the first to make a big turnaround and dealt with cryptocurrency bosses in various ways. Some of them died inexplicably. Zhao Changpeng, the boss of the largest trading platform, spent some time in jail after paying a huge fine of US$7.2 billion. He was just released recently and was completely subdued.
Now Americans have a deep control over these assets. They use their financial influence and the media's ability to deceive people to call on the whole world to support them. They have easily created a large number of assets, and everyone is rushing to buy them.
All I can say is that if they want to target us, we are not afraid, we can just do it, but these technical operations are still worth studying. #交易所BTC储备量创2018年以来新低
