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🌹Bitcoin has once again broken through 86000 USD, is it still a bull trap? + Chapter 14 of the Chan Theory Diagram Explanation 👇
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With Trump launching the strongest tariff bomb in history, the US stock market plummeted, leading to a significant downturn in global financial markets, which are now in disarray, and the cryptocurrency market is also struggling to remain unaffected.
======================= I believe the United States is aware of the market reactions brought by these policies. If they know, why would they still engage in such seemingly self-destructive actions that harm others while damaging themselves? This includes Trump's recent suspension of tariff policies on certain countries. What does this reveal behind the scenes?
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🌹 Trump's rise to power this time is fundamentally about making America great again; this is the core. Once we understand this core essence, we can look at some of his strategic intentions, and many things will fall into place.
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As we all know, the U.S. government is the only sovereign nation in the world without the ability to issue its own currency; the authority to issue currency belongs to the Federal Reserve, and the financial policies set by the Federal Reserve cannot be interfered with by the President of the United States.
======================= The most pressing issue currently facing the U.S. government is its enormous debt, with $38 trillion in foreign debt. The Federal Reserve's persistent high interest rates have made it difficult for the U.S. government to operate. One-third of the government's revenue goes to interest payments, one-third to military spending, and the remaining one-third to domestic livelihoods, infrastructure, and other expenditures.
======================= 🌹The high interest rates maintained by the Federal Reserve have made the already tough days for the US government even worse. Since Trump took office, he has been calling for Federal Reserve Chairman Powell to immediately lower interest rates, which indirectly verifies the financial difficulties of the US government. Even if Trump wants to do something, it's hard to cook without rice; the government has no money. What's more important is that this situation continues, and the principal of the debt certainly cannot be repaid, and it might even be impossible to pay the interest.
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This is something that the U.S. government cannot accept. Once even the interest cannot be paid, what will inevitably follow is the bankruptcy of the U.S. government, and the U.S. dollar will lose its position as the global hegemon. This is not only something that the U.S. government and the Federal Reserve do not want to see, but also something that the whole world does not want to accept or see happen. After all, the top wealthy individuals and talents from various industries in all countries have a large amount of assets in the United States.
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Therefore, the implementation of this series of policies by the US government will ultimately allow America to be great again. After all, a dead camel is still bigger than a horse, not to mention that the US has not yet reached that point.
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Now let's return to the crypto world. Since Trump took office, he has been emphasizing the need to treat Bitcoin as a strategic reserve for the United States. The signal released by this has already revealed a lot. Is it possible that in the future the US dollar will treat Bitcoin like gold and oil, as a pegged asset? This is something that is difficult to discuss in the article.
======================= 🌹With the advancement of global policy and the upcoming economic easing, I firmly believe that a better future will arrive as scheduled regarding the subsequent trends in the crypto world.
#om #sol #pi #eth #btc