Bitcoin has broken through its historical high, surging past the $110,000 mark. This is not just a numerical update but a signal— the market's focus is being redefined. While altcoins may seem lagging for now, historical experience tells us that once Bitcoin stabilizes, funds will quickly spread to other crypto assets, forming a 'blooming flowers' scenario.
Behind this round of rising is the driving force of macro policies. The US debt issue is becoming more severe, with $6 trillion in debts maturing in June becoming a huge pressure point for the US government. If fiscal measures are not timely alleviated, the destabilization of the credit system is not mere talk. Many might think the country won't 'go bankrupt,' but looking back at the Lehman crisis and the collapse of regional banks, one will understand that this logic is not new—once a debt crisis erupts, the impact is chain-like.
What we are seeing now regarding Bitcoin and stablecoin legislation is not random but part of the political and financial game. Although the Federal Reserve has the 'printer' for the US dollar, it is essentially a private financial institution, whose influence is not directly controlled by the government. This also explains why there are forces trying to achieve a kind of 'recovery' of monetary issuance rights through stablecoins.
The greatest significance of stablecoins lies in their anchoring to the US dollar while bypassing certain restrictions in the existing financial system. To some extent, it is an attempt by the US government to reconstruct financial discourse power in the digital age. As risks in traditional stock markets continue to accumulate, liquidity and emotions are seeking new outlets, and the digital asset market has become the best landing place.
When the wind really comes, the market will naturally become lively, and capital, emotions, and narratives will be pushed to a climax. It can even be said that in certain phases of a bull market, even if you are just a 'retail investor,' you might taste the flavor of meat—because to harvest you, one must first fatten you up.
In addition, Hong Kong's Futu Niu Niu plans to launch spot trading for BTC and ETH, which indicates that traditional capital markets are gradually embracing crypto assets. With regulatory easing and channels being opened, these signals combined represent a very clear trend: the wind has truly arrived.
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Investing involves risks, and the above content is merely personal sharing and does not constitute investment advice!