1. The start of the Fed's interest rate cut cycle is a foregone conclusion, and the increase in global liquidity is a high-probability event. There has been no precedent for reversing in the past 50 years. This is the big background and environment.
2. The halving bull market brought by Bitcoin's 4-year halving cycle has never been broken in the past. This is like carving a boat to find a sword.
3. I believe that real big funds, big institutions, and smart money are not stupid. BlackRock will not be idle and come up with a whole Bitcoin spot ETF to create such a large reservoir to take over the extra funds in the market, and the growth rate of Bitcoin spot ETF far exceeds that of gold in those years.