This surge in BTC is not a bull market; it is clearly a carefully planned conspiracy!

Do you think that Bitcoin's breakthrough of 110,000 is the prelude to a new bull market? In reality, it is hiding an on-chain harvesting war to resolve the U.S. debt crisis. Before June 30, the U.S. has to repay 6 trillion in bonds, and the key right now is to find a buyer for these bonds. Historically, the main buyers of U.S. debt have been central banks and large institutions, but the situation has changed — the risk of U.S. debt nearing collapse has caused these major players to pull back, not only ceasing purchases but also accelerating sales. With the main players absent, the U.S. has turned its attention to individual investors. But why would individuals buy? Only by creating a false appearance of 'profitability' can this happen, so BTC in the crypto circle is pushed into the spotlight, rising all the way to break previous highs, using a false wealth effect to lure retail investors into the market. In short, it is about getting retail investors to help the U.S. take over the U.S. debt.

Looking at the recent stablecoin bill passed in the United States, it appears to regulate the market and promote compliance on the surface, but in reality, it is using BTC and USD to indirectly increase the U.S. Treasury's holdings of U.S. bonds, extending the life of the dollar's hegemony. The new law stipulates that issuers of compliant stablecoins like USDC and USDT must hold 100% of their reserves in U.S. dollars or U.S. Treasury bonds. This means that for every 1 dollar of stablecoin issued, the issuer has to use 1 dollar to buy U.S. bonds or deposit it in a dollar account. A closer examination of the logic reveals that the more users of stablecoins there are, the more 'automatic buyers' there will be for U.S. bonds. This is not regulation; it is clearly an on-chain version of an automatic U.S. bond distribution system!

So stop fantasizing that this is a bull market, and don't think that the increase in USDT issuance is to pump up the market to buy coins. The core of all these operations is to resolve America's debt crisis.
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