Bitcoin's monetary endorsement for stablecoins is like gold's monetary endorsement for paper currency. Recently, everyone has been very concerned about stablecoins. So, what’s the purpose of stablecoins? The next thing the Americans are planning to do is to say that they hold the most Bitcoin, and they are also issuing stablecoins. In fact, every country can issue its own stablecoins without any problem. Moreover, American stocks and assets can also be put on the blockchain, and transactions can be made using stablecoins. At the same time, what are stablecoins for? What is the backing of stablecoins? Why would other countries want to buy your stablecoins? USDT is equivalent to a stablecoin. One USDT is backed by 1 US dollar, right? This means it creates an enormous online currency demand, and these stablecoins have opened up a new world of demand for US dollars. For example, what does it mean for the demand for dollars to expand? For instance, in 1971, when the dollar and the Bretton Woods system collapsed, and the dollar decoupled from gold, was the dollar being unreasonable? The dollar decoupled from gold, no longer exchanging 1 ounce of gold for 35 dollars. Although it seems that the dollar was being unreasonable, the decoupling was actually inevitable. Because at that time, the world entered a peaceful era, a developmental era, a prosperous era, and a trading expansion era, which required a large amount of dollars for trade settlement. As a result, gold was only over 8,000 tons, right? The amount of gold was far from sufficient to meet the volume of trade settlements. Therefore, the Americans actually have a strong incentive to promote the issuance of stablecoins. Because now, the mining power, in the U.S., the backing of stablecoins for payment is called the dollar, and they have already completed the connection between stablecoins and the dollar. Then, Bitcoin's monetary endorsement for stablecoins is like gold's monetary endorsement for paper currency; everyone must understand this. That’s why many say Bitcoin is digital gold. Where does the value lie? The value of gold lies in backing the currency. Remember, gold backs paper currency, it backs fiat currency, gold backs the dollar, and gold backs the renminbi. Now, because the dollar is causing various issues worldwide, the renminbi says that while I think the dollar is still the best in the world, I don’t want to have an absolute competitive relationship with the dollar. Before 2010, you could say that the renminbi and the dollar were strongly bound. If the dollar wants to cut you off, it can. From 2012 to 2015, our foreign exchange reserves in dollars were nearly 3 trillion dollars; what does that mean? 3 trillion is now down to 700 billion, right? What happened to that? It was diversified into yen, euros, etc., and also diversified into gold. This is why central banks have been purchasing gold recently; why? To back their own renminbi. So Europe is buying gold, Japan is buying gold, we are buying gold, Taiwan is buying gold.$BTC So I’m telling you that gold is currently not likely to fall much.