Deep Tide TechFlow News, on June 9, according to Jinshi Data reports, Citic Securities research report indicates that cryptocurrencies have good privacy and anti-inflation characteristics. Since their inception, they have grown rapidly and are gradually being formalized as assets. As the demand for cryptocurrencies expands, a rigid demand similar to gold is formed, underpinning speculative pricing. However, in the short term, due to insufficient monetization and high risk tolerance of marginal price setters, cryptocurrencies tend to be more speculative. In the medium to long term, both cryptocurrencies and gold are expected to benefit from the monetization brought about by de-globalization and de-dollarization. The 'future gold' does not necessarily include Bitcoin, but it is highly likely to include cryptocurrencies. In the short term, cryptocurrencies are expected to benefit from potential regulatory easing during Trump's term, but certainty in trade and foreign policy is needed.