BTC has reached this position, and 98% of Chinese people will probably never get on board, because of the infinite fear of heights. What a pity, as ten years from now, apart from digital assets, other things like stocks and real estate will have only a little residual value.

Stocks are affected by the unique situation in China where major shareholders cash out, leaving unsellable stocks, and retail investors are always cannon fodder.

Real estate is facing a medium-income trap in the next ten years, with the demographic dividend disappearing and a serious oversupply of properties.