Let me say two more things. Right now, global central banks are dumping U.S. Treasuries, and the Federal Reserve has also said it will reduce its balance sheet. If U.S. Treasuries are being sold, then the United States must definitely find a major buyer of U.S. Treasuries—Japan is no longer worth trusting. Therefore, in the future, the world’s number one buyer of U.S. Treasuries will definitely be stablecoin issuers.

So the U.S. will definitely find a way to expand the stablecoin market—increase the stablecoin use cases and broaden the investment targets. That’s why trading U.S. stock tokens with stablecoins will become a market with very large trading volume, because later on the U.S. will certainly actively promote it.

Similarly, Bitcoin is also a workaround for trading with stablecoins. And for the U.S. to have stablecoin issuers buy large amounts of U.S. Treasuries, it needs Bitcoin to be under a bull-market logic—i.e., in a big bull market. Likewise, the trading volume of U.S. stock tokens will also be driven by a bull market in U.S. tech stocks.

So, just from this perspective, there’s no need to worry that the Federal Reserve’s balance-sheet reduction is a major negative. Instead, we should wait for a whole series of positive developments from the U.S. in the crypto space—positive for stablecoins, and positive for the tokenization of RWA assets. With that background, the decent returns we can get after our 60k bottom-buy will follow. Just hold firmly.