Why does Seng Ge keep emphasizing that the long-term trend for Bitcoin is bullish? Because the US debt is a ticking time bomb that will explode sooner or later.
Three months after Trump took office, a flurry of actions resulted in policies that were basically all abandoned. Even Musk's so-called 'Department of Government Efficiency' (DOGE) turned out to be a disaster. He talks tough but can't get things done. The credibility of the United States is rapidly collapsing in the eyes of global capital.
The root cause? The $36 trillion US debt is like a time bomb. The government runs a deficit every year and can only borrow new to pay old debts. The Federal Reserve's attempts to lower interest rates are being dragged down by Trump, who engages in trade wars and criticizes Powell, causing the bond market to be volatile. The label of US debt as a 'risk-free asset' is barely holding on.
Once the anchor of US debt becomes loose, the market will instinctively look for a new anchor—one that doesn't rely on the Federal Reserve, national credit, or central bank money printing. Gold and Bitcoin will become the only options.
So don't be fooled by talk of 'economic recovery' or 'soft landing.' Bitcoin can reach new highs not because the world is safer, but because everyone knows—the old rules can't hold up anymore. As long as Trump continues to impose sanctions globally and ignites inflation further, the credibility of the dollar will collapse even more. By then, the value of BTC will only be higher.
In summary:
The $36 trillion US debt is making the whole world dance, Trump is waving the flag, and the Federal Reserve is in a tough spot. Gold and Bitcoin are the real 'doomsday hedging assets.'
Old vines observe the bull market, not just today, but understanding clearly—real big movements will start from September to November.