I think there are three levels of consideration: #MacroAnalysis #USStocks #Bitcoin 1️⃣ BTC is driven by market adoption and liquidity, making it a macro-liquidity-sensitive asset. Since 2023, BTC adoption has become increasingly widespread with the approval of ETFs and institutional and corporate reserves. Personally, I think BTC's period of prosperity may last for another 1-2 macro cycles. If we consider the period from interest rate hikes to the next rate hike as a cycle, then the current macro cycle is not yet complete. The impact of the four-year halving cycle will definitely still exist; at least the market's understanding remains, and the transformation will take time. But 2024-2025 also tells us that the present and future are more influenced by macroeconomics. 2️⃣ Regarding the issue of 2-5 mentioned by Monkey, we don't predict the peak. We only look at the trend. Often, periods of high market liquidity and extreme greed occur during periods of low interest rates and loose monetary policy, such as 2020-2021. At that time, market hotspots surged exponentially, and meme market capitalization peaks were rare. There were many 10x projects in the secondary market, and even some shit projects with a market capitalization of $50 billion emerged. Therefore, such a favorable market trend only occurs during periods of low interest rates and loose monetary policy, even QE. Otherwise, there is very little hot money in the market, investment preferences are low, and investments are concentrated on only a very few targets, creating no fertile ground for FOMO (Fear of Missing Out) and greedy market activity. 3️⃣ How do we make money? We need to broaden our perspective. Even if the crypto boom continues for another 10-20 years, if you're in your 20s or 30s now, in 10-20 years you'll still be in your 30s or 40s, still in your prime. Making money is important, but preserving your money and making it grow is even more important. We need to improve our understanding of the entire financial market, not just crypto, but also US stocks, AI, etc. If you don't have your first pot of gold yet, most people would choose to invest in crypto because of its higher volatility and more short-term opportunities compared to US stocks. Since you're in crypto, better opportunities lie in market conditions similar to 20-21, and we are currently experiencing an interest rate cut cycle; a period of loose monetary policy is only a matter of time. If you have your first pot of gold, would you choose crypto, US stocks, gold, silver, or something else? Preserving your money and making it generate more money depends on your goals, portfolio allocation, and understanding. Whether you stay in the financial markets or leave completely, learning is essential.