This year, I am pondering a question: Trump is globally calling for support for Bitcoin, and institutions like BlackRock are buying in crazily every day. What does the U.S. really want with Bitcoin? The core of Bitcoin is decentralization, whereas the U.S. belongs to a centralized institution. These two are inherently contradictory. Could it be that Trump is doing it for ideology? I don’t believe that; a businessman does not act without profit. I think he is planning a major battle, a struggle of global capital. With U.S. debt declining and the dollar weakening, he must find a suitable tool with enough control before an economic crisis hits. Clearly, the cryptocurrency market is a big chess game laid out by Trump.
Since the beginning of this year, the U.S. has clearly been actively embracing the cryptocurrency market. Why? The biggest problem the U.S. currently faces is that its debt has reached $35 trillion, with $7 trillion in foreign debt held by foreign governments and institutions. A high debt ratio is bound to be unsustainable, and the U.S. knows this better than anyone.
However, currently they cannot solve this problem with conventional means. This is why they shout globally to embrace the cryptocurrency market, then control computing power through electricity resources, and further control more coins through Wall Street's capital, BlackRock, and other institutions. When they have enough chips in hand, it will be time to take action.
In the first step, they will first use Bitcoin as national reserves. When other smaller countries see that the big brother recognizes Bitcoin as national reserve funds, they will follow suit and stockpile coins, thus reaching a global consensus.
In the second step, they will raise the price of cryptocurrencies, allowing the whole world to feel the power of the cryptocurrency market and recognize its value.
In the third step, the U.S. will announce that they will start to repay debts using Bitcoin. You may not want to, but you have to accept it because I have no money, only Bitcoin.
After the foreign debt has been almost paid off in the fourth step, they will start to crash the market. Wall Street controls the market and frantically sells off, forcing other regions to hand over their low-priced chips. In the fifth step, they will notify Wall Street to prepare to buy at low prices.
In the sixth step, they will find the right opportunity to re-narrate and hype up, raising the cryptocurrency again and again, until one day it is used up.
Overall, after this operation, the total amount of coins held by the U.S. hasn’t decreased, all debts are repaid, and in the end, they throw the financial crisis to smaller countries like Japan to clean up the mess.
This year, institutions have fully entered the bull market. The market is not as simple as we think, with global capital battling fiercely. Retail investors will inevitably suffer. What we need to do is follow the hype cycle and cherish the chips in our hands. Just like the rising tide lifts all boats, we just need to raise the sedan and enjoy the soup.
[This story is purely fictional, any resemblance to actual persons or events is purely coincidental.]