#特朗普就职百日 Trump's 100 days, policy style remains consistently 'tough'. Among them, the implementation of trade protectionism and the increase in tariffs has once again heightened risk aversion in the global market. At the same time, the executive order on Bitcoin reserves he signed has also attracted considerable attention. Regarding these two measures, my feeling is: on one hand, it enhances the sovereignty of the dollar and economic security, after all, who wouldn't want to have a 'hard currency' backing them in a turbulent world? But on the other hand, such drastic actions are also increasing market uncertainty, as each country's trade policies and cryptocurrency reserves can affect the balance of global finance.

As for national-level Bitcoin reserves, it is truly a disruptive topic. If major powers really incorporate Bitcoin into their 'treasury', the pricing logic of global crypto assets will certainly undergo a dramatic change. After all, when national-level massive funds enter the market, price fluctuations and the supply-demand relationship will no longer be just 'a game for speculators.' This could also provide an opportunity for Bitcoin to transition from a risk asset to 'digital gold.' Although the future is still unclear, I believe this will be the first step towards a new global financial order. $BTC