Behind the $100,000, no one understands the real conspiracy of the United States

The price of bitcoin has exceeded $100,000, and many people have not understood the top conspiracy that the United States has just accidentally revealed. Faced with this, different groups of people have too many small thoughts, and some people are even petty and clever, which may destroy our competitive advantage in the game between major powers.

1. Is it a tool for the United States to harvest China? Narrow-minded!

When it comes to bitcoin, what is the first reaction of many people? This is a conspiracy of the United States, a tool specifically used to harvest the Chinese.

This cognition is too shallow, and neither understands the market nor trades.

In the financial market, if you want to harvest, you must speak with strength. You are qualified to be a banker, you control the long and short forces of the market, and you can influence the price, then you are qualified to harvest.

If you want to harvest, you have to speak with strength. For example, when Soros attacked Hong Kong and the Hong Kong dollar, he also wanted to reap the benefits through strength, but he did not expect that Hong Kong had the support of the mainland, and in the end they did not achieve their goal.

China and the United States have not yet competed in this market, but you have belittled yourself and determined that others want to reap you. Why don’t you think about reaping others? In order to prevent others from reaping you, you cut off your own arms, ruined your own future, and closed the door and stopped playing with them?

Some people will say that if China decides to join the game, then the United States will not play this game. They believe that as long as the Chinese are strong in a field, the United States will definitely not play and will start anew.

It is really too diode to understand the game between major powers. As long as it is related to the future situation, the United States will not only not turn the table and stop playing, but will also use all means to grab it back.

For example, manufacturing. China's manufacturing capabilities are top-notch in the world. The United States really couldn't beat us before, but did they give up manufacturing and turn the table and stop playing manufacturing? Of course not. They are trying every means to regain manufacturing, bring manufacturing back, and make American manufacturing great again.

The same is true for pie. Those who understand it know that it is definitely an important strategic reserve in the future. Even if the Chinese have just started playing, if the United States discovers its importance, the United States will definitely compete desperately, rather than giving up this game out of fear of being harvested.

Speaking of harvesting, how do you understand China's foreign gold reserves? According to the logic of self-deprecation, the United States' gold reserves are absolutely dominant in the world. Are we not afraid of the United States harvesting if we buy gold?

Speaking of harvesting, how much pie do you have now? 19 billion US dollars?

Is it worth it for the United States to manipulate the market so hard and scrape a little gold from your 19 billion US dollars by adjusting the price up and down?

If we really want to harvest, our gold reserves are worth nearly 190 billion US dollars, and our total trade with the United States is more than 700 billion US dollars, etc. Isn't that a little bit better than making money from pie?

So, if you only think about the United States harvesting China, it only shows that your thinking is too narrow and you don’t understand what the United States wants to do and what it is doing.

The price of Bitcoin exceeds $100,000. There is indeed a conspiracy behind it. This conspiracy is much more powerful than the so-called harvest of China.

Second, the price fluctuations

First, let’s take a look at why its price exceeded $100,000 on December 5.

News 1: Trump will nominate Paul Atkins as chairman of the SEC, and Paul Atkins’ biggest feature is that he supports cryptocurrency and has repeatedly called for reducing cryptocurrency regulation.

News 2: Federal Reserve Chairman Jerome Powell said that Bitcoin is a speculative asset like gold, not something comparable to currency.

"It's like gold, except it's virtual," Powell said. "People don't use it as a way of payment, nor as a means of storing value. It's very volatile. It's not a competitor to the dollar, but a competitor to gold."

News 3: Putin stoked another fire, saying that Bitcoin is better than dollar reserves and no one can ban it.

Putin said, "Because they are new technologies. No matter what happens to the dollar, these tools will develop in one way or another because everyone will work to reduce costs and increase reliability."

Affected by this, Bitcoin prices broke through $100,000 in one fell swoop.

Then it stayed above $100,000 for almost a whole day. What does this mean?

In the long history, Bitcoin has several key price points, such as parity with the US dollar, which is 1 US dollar per coin; parity with gold, which is 1,242 US dollars per coin; and various integer barriers, such as 10,000 US dollars and 100,000 US dollars.

Among them, 100,000 US dollars is an important integer barrier.

We know that whether it is stocks or exchange rates, when breaking through important barriers, they generally pull back immediately after stepping on the line, and continue to attack after consolidating for a period of time.

Because at the key points, too many people have taken profits, and these original bulls have turned into bears.

This situation of breaking through the key price in one fell swoop only shows one thing, the buyer's power is too strong, causing almost 200,000 shorts to burst.

It is said that whose new love is not someone else's old love. Bitcoin has risen so much because too many people want to treat it as a new love, and many people recognize its value.

Then the price of Bitcoin plummeted again, quickly falling from above $100,000 to below $93,000, causing more than 210,000 long positions to be liquidated.

Why did it collapse again?

Former U.S. Treasury Secretary Summers said something to warn Trump and Musk, as well as the cryptocurrency financiers behind them.

Summers said: "Some people say we should establish some form of national BTC reserve. This idea is simply crazy! There is no reason to do this except to cater to generous special interest campaign donors."

But Bitcoin's momentum was too strong. After only one day of decline, the price returned to above $100,000.

3. The game behind the price

How should we view the similarities and differences between Trump and Summers?

Xinhua News Agency talked about a key issue in this commentary: This is a shadow projected on politics.

In 2019, Trump said, "I don't like Bitcoin or other cryptocurrencies. They are not currencies. The value of these things is illusory and extremely unstable. Unregulated cryptocurrencies promote illegal activities, such as drug trafficking or other criminal activities."

In 2024, Trump said, "I am developing a plan to ensure that the United States becomes the global cryptocurrency capital and the world's Bitcoin superpower."

Why did Trump change his attitude? Because he is the first major party candidate in American history to accept Bitcoin and cryptocurrency donations.

Take money to work, and you will succeed, so you naturally have to give back to those donors, so your attitude has taken a 180-degree turn.

This shows from the side that institutions that hold or engage in Bitcoin and cryptocurrency transactions are playing an important role in American politics, and they are beginning to look for people to speak up.

Why did Summers oppose it?

Who is Summers? He is a professor and president of Harvard. His parents are both famous economists. His uncle is the famous Nobel Prize winner Paul Samuelson. His uncle is also a Nobel Prize winner in economics. He is also the former Secretary of the Treasury of the United States.

In a word, Summers is a representative of the traditional financial elite in the United States.

His opposition to Trump's cryptocurrency policy is determined by his class and the interest groups behind him, because the newly emerging group of people threatens the interests of their group.

In other words, after the price of Bitcoin reached $100,000, the price fluctuations were indeed the result of the game between different interest groups in the United States.

Fourth, the real conspiracy of the United States!

Although there are now games between different interest groups in the United States, the trend is basically determined, and as the game intensifies, Americans will support their views and plans on Bitcoin more.

In the past, in the initial stage of Bitcoin, all countries were very wary of it, and there were all kinds of alarmist comments like the above commentary articles.

The United States is even more nervous, fearing that it will threaten the hegemony of the US dollar.

Now the situation has completely changed.

We remove the noise from the remarks of the above figures and extract the key words: Powell said that Bitcoin is virtual gold; Summers said that the country has BTC reserves; Trump, relaxes regulations (encourages support).

What does it mean?

Bitcoin is virtual gold, another form of gold, which does not threaten the US dollar. The United States is about to relax and prepare to include Bitcoin in the national reserve.

This means: Bitcoin dollar is about to be born.

It will be another grand project to maintain the hegemony of the US dollar after the gold dollar and the petrodollar.

This is the real conspiracy of the United States behind the $100,000.

What's more regrettable is that we handed these over to others, allowing the United States to win without any effort.

When the United States created the gold dollar, it relied on the fact that all major powers in the world were badly injured during World War II, and the United States made a lot of money from the war, and once owned 60% of the world's gold.

Then in 1944, the United States convened 44 countries around the world to sign the "Bretton Woods Agreement". Under the Bretton Woods system, the currencies of various countries were linked to the US dollar, and the US dollar was linked to gold, also known as the "double link".

The gold dollar was officially born and established the hegemony of the US dollar.

After the collapse of the Bretton Woods system and the decoupling of the US dollar from gold, the US dollar hegemony was once in crisis, and the US dollar was once sold off by countries around the world.

In order to establish a new US dollar hegemony system, the US dollar was anchored to oil. The United States reached an agreement with Saudi Arabia, the world's largest oil producer at the time, to determine that the US dollar would be used as the currency for oil pricing and promote it to other OPEC oil-producing countries.

So far, the United States has created the petrodollar to maintain the hegemony of the US dollar.

In order to create the petrodollar system, the United States even went to war. In order to maintain the petrodollar system, the United States also went to war.

For oil-producing countries, who do not use the US dollar for pricing, the United States will send troops to attack, and then support pro-American people, or impose economic sanctions, etc.

However, in recent years, the petrodollar has shown signs of collapse, and the United States has also taken the initiative to give up the idea, because the petrodollar is really not going to play.

How does the petrodollar circulate? The oil-producing countries in the Middle East produce oil, which is sold to the United States, and they receive US dollars. After the United States buys the oil, it uses it for domestic production. After receiving the US dollars, the Middle Eastern oil-producing countries buy weapons or US debt from the United States.

In this way, the US dollar has gone around in circles and returned to the hands of the United States. The United States has obtained oil, and the Middle East has obtained weapons or US debt.

However, in recent years, the United States' oil extraction technology has advanced by leaps and bounds, and shale oil output has exceeded imagination. As a result, the United States is no longer a major importer of crude oil. Instead, it has become an exporter of crude oil, competing with the oil-producing countries in the Middle East.

In addition, the Middle Eastern countries do not want to hold a lot of U.S. debt, they want to exchange it for various weapons or commodities.

In this way, the petrodollar can no longer be used.

In this case, the United States has actually tried to change the anchor, such as anchoring the dollar to carbon emissions and creating a global carbon dollar. It turned out that the United States’ carbon emissions were too large and this project could not be used.

Now it is almost clear that the dollar will be "anchored" to Bitcoin, creating a Bitcoin dollar and continuing the hegemony of the dollar.

V. Can the Bitcoin dollar succeed?

Let's first look at the regulatory policy process of the United States.

After many rounds of bargaining and even arrests, the United States found that it could not ban Bitcoin, so it began to strictly regulate it.

FinCEN’s authority comes from the U.S. Bank Secrecy Act (BSA), which clearly stipulates that if virtual currency business involves the generation (acquisition), transfer, and trading of virtual currency, it should be regulated by the BSA.

In March 2014, the IRS defined virtual assets as “property” for tax purposes[20], which is different from the definitions of the CFTC, SEC, and FinCEN.

In 2015, the CFTC implemented regulation on Bitcoin. In the enforcement action against Coinflip, Inc., the CFTC defined Bitcoin as a “commodity” under the CEA. According to the provisions of the CEA, futures, options, swaps, and other derivative contracts that reference the prices of crypto assets that constitute commodities are subject to CFTC regulation.

In January 2024, the SEC stated that it had approved the listing and trading of spot Bitcoin ETFs through an expedited model. Approved spot Bitcoin ETF issuers include: Grayscale, Bitwise, Hashdex, iShares, Valkyrie, Ark 21Shares, Invesco Galaxy, Vaneck, WisdomTre, Fidelity and Franklin.

From the US's regulatory experience on Bitcoin, although it is very strict, to some extent, it also recognizes the status and value of Bitcoin.

Currently, the most stringent regulation is in the US SEC department. Zhao Changpeng and other bigwigs have been messed up by the US SEC. Now Trump nominates,

Now Trump nominates Paul Atkins. If he encourages the development of this industry, then the obstacles to creating Bitcoin dollars will be cleared.

Now California, Canada, Vancouver, etc. are all preparing to include Bitcoin in their finances.

In a word, whether it is active or passive, the world's regulation and acceptance of Bitcoin has been increasing.

In addition, judging from the current distribution of Bitcoin holdings, the United States has actually dominated, especially when counting US private enterprises, the United States is even more dominant.

In fact, these are the results of us giving it to others. Back then, we were the world's largest holder of Bitcoin, and 80% of the world's mining power was here.

In short, from the perspective of layout, the United States has the opportunity to create a Bitcoin dollar and has never maintained the hegemony of the US dollar.

We must be clear that the Bitcoin dollar and the gold dollar are essentially the same.

What does it mean? The US dollar cannot return to the gold standard, and a complete Bitcoin dollar is impossible to achieve.

However, if we have a sufficient scale of gold and virtual gold (Bitcoin), then when the global order is reconstructed in the future, we will have enough chips and beliefs.

Don't you think about it, the price of gold is so high, why do our official reserves keep increasing gold holdings for more than ten consecutive months?

This is related to the future of the game between major powers.

And seizing the commanding heights of future games is the real conspiracy of the United States behind the $100,000.