Recently, I've sensed an impending global currency printing competition. Countries like the UK, Europe, South Korea, and others can no longer hold on and have all dropped to around 2%. The US has been the only one holding out without lowering rates, which is why we see such a high dollar index and treasury yields. However, even the US debt cannot remain unchanged indefinitely. Furthermore, the consumer confidence index is also struggling, indicating that the demand side is starting to weaken.

As for China, it's even worse, with excessive competition in various industries and overcapacity. Dropping to zero won't help; everything flows into the supply side, leading to more competition and deflation. There's no hope on the demand side—the foreign countries are wary of your dumping, the domestic populace has no money, and the government is not leading by example in consumption, which essentially leaves us without a solution.

Once the US begins its second round of interest rate cuts, all central banks will have no reason not to follow suit. This wave is getting closer and closer. Hold onto your BTC. #BTC挑战11万大关