Most of us may have been deceived by Trump, the entire cryptocurrency space may now be a pawn in his game. Since Trump took office, mainstream cryptocurrencies have nearly halved, and altcoins have dropped to the point where even their parents wouldn't recognize them. But looking back, you'll find that major institutions in Europe and America are suppressing prices while simultaneously accumulating assets, repeatedly shaking things up and continuously buying in! Bitcoin is soaring while altcoins remain stagnant! All the suppression is just to trick retail investors into handing over their chips!
Next, they will start promoting cryptocurrency regulation bills, and the core content is this: Stablecoin issuers must hold reserves in a 1:1 ratio with US dollars, bank deposits, or short-term US Treasury bonds. Stablecoin users will have priority repayment rights in the event of the issuer's bankruptcy.
What does this mean? It means you can issue stablecoins, whether it's USDT, USDA, B, C, D, etc., 'but you must hold US dollars or US Treasury bonds simultaneously.' This tactic is quite powerful, as it effectively ties stablecoins to US Treasury bonds; it's as if all stablecoin issuers are purchasing US dollars and Treasury bonds at the same time?
At the same time, it tells you that as long as you hold stablecoins, you will have priority repayment rights! This encourages everyone to hold stablecoins; if something goes wrong, you will be repaid first, unless the US government collapses, it’s absolutely safe!
Issuing stablecoins is simple, but what if no one buys them? Pull in Ethereum! If Ethereum rises, altcoins will rise too, and when altcoins rise, retail investors will come in; off-market funds will continuously exchange for stablecoins, which is equivalent to continuously purchasing US dollars and Treasury bonds while simultaneously suppressing algorithmic stablecoins. Recently, why has Ethereum DEFI experienced a widespread surge? Now you understand, right?
Recently, institutions seem to have agreed to simultaneously buy Ethereum in a frenzy. Do you think it's a coincidence? In reality, it's just a part of this scheme!
Next, we will see various institutions issuing stablecoins while simultaneously pushing up cryptocurrency prices to attract retail investors, indirectly enticing retail investors in the crypto space to hold US dollars and Treasury bonds!
If more people buy, and if US dollars and Treasury bonds collapse, then all stablecoin holders will be wiped out, effectively spreading the risk of US dollars and Treasury bonds to the whole world; a brand new dollar hegemony is quietly beginning, and yet we are unaware of it, which is truly sad and lamentable!