追光者-九神
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The recent rise of Bitcoin is not the start of a bull market; rather, it is an on-chain harvesting to help the U.S. resolve its debt crisis.
Do you think Bitcoin breaking the $120,000 new high is a signal of a bull market? In fact, this is closely related to the $6 trillion U.S. debt that must be repaid by June 30. The essence of U.S. debt is the search for a buyer, and currently, institutions and countries are not increasing their holdings but are instead selling off—U.S. debt is facing the risk of collapse. Since institutions and countries are no longer buying, the U.S. has turned its attention to individuals: only by creating a wealth effect can retail investors be attracted to the market. When retail investors rush into the crypto market, they are actually helping the U.S. digest its huge debt in an invisible way.
Looking at the recent stablecoin legislation passed in the U.S., it appears to regulate the market and promote compliance, but the core purpose is to use Bitcoin and USDT to allow the U.S. Treasury to "curve purchase debt" and prolong the life of the dollar's hegemony. The new legislation stipulates that issuers of compliant stablecoins such as USDC and USDT must hold 100% of their reserves in U.S. dollars or U.S. Treasury bonds. This means that for every $1 of stablecoin issued, the issuer must purchase $1 of U.S. debt or deposit it into a dollar account. A closer examination of this logic reveals that the more people hold stablecoins, the more "buyers" there are for U.S. debt. This is not conventional regulation but rather a system for automatically distributing U.S. debt on-chain.
Therefore, do not easily believe that this is a bull market, and do not mistakenly think that the issuance of USDT is for buying coins—its core purpose is always to help the U.S. resolve its debt crisis.
Do you think Bitcoin breaking the $120,000 new high is a signal of a bull market? In fact, this is closely related to the $6 trillion U.S. debt that must be repaid by June 30. The essence of U.S. debt is the search for a buyer, and currently, institutions and countries are not increasing their holdings but are instead selling off—U.S. debt is facing the risk of collapse. Since institutions and countries are no longer buying, the U.S. has turned its attention to individuals: only by creating a wealth effect can retail investors be attracted to the market. When retail investors rush into the crypto market, they are actually helping the U.S. digest its huge debt in an invisible way.
Looking at the recent stablecoin legislation passed in the U.S., it appears to regulate the market and promote compliance, but the core purpose is to use Bitcoin and USDT to allow the U.S. Treasury to "curve purchase debt" and prolong the life of the dollar's hegemony. The new legislation stipulates that issuers of compliant stablecoins such as USDC and USDT must hold 100% of their reserves in U.S. dollars or U.S. Treasury bonds. This means that for every $1 of stablecoin issued, the issuer must purchase $1 of U.S. debt or deposit it into a dollar account. A closer examination of this logic reveals that the more people hold stablecoins, the more "buyers" there are for U.S. debt. This is not conventional regulation but rather a system for automatically distributing U.S. debt on-chain.
Therefore, do not easily believe that this is a bull market, and do not mistakenly think that the issuance of USDT is for buying coins—its core purpose is always to help the U.S. resolve its debt crisis.
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