The upward elasticity of BTC is good, let's try a little more. However, if Trump does not show a easing attitude towards the tariff war this weekend, and countries strengthen their countermeasures, we should still pay attention to the possible crash of the US stock market next Monday, and be ready to hedge BTC at any time.

I recommend everyone to learn about the Smoot-Hawley Tariff Act during the Great Depression in the United States in the last century.

In the short term, BTC has not followed the US stock market's plunge and even shows signs of rebound.

In the long term, with the ongoing tariff and trade wars, the credit of the US dollar will gradually weaken and, in extreme cases, may even collapse. Therefore, as countries learn from the history that is happening, the next international reserve currency will definitely not be another credit currency. Perhaps BTC will have a strong competitive position as an international reserve.