According to Cointelegraph.jp, the arguments of the main economic media in Japan and the United States that "bitcoin is a safe haven in the collapse of the traditional market" are constantly rising. The Nikkei News reported on July 8 that with the increasing credibility of the Fed, Bitcoin has become an increasingly popular asset as a substitute for legal currency. In the US economic program CNBC on July 9, two experts said that "bitcoin is a safe haven for the traditional financial system"; among them, bitcoin supporter and Silicon Valley venture capitalist Chamath Palihapitiya said that bitcoin is a circumvention of tradition. The best safe haven for financial inflation. Chamath Palihapitiya also predicts that Bitcoin will reach $1 million in 20 years. In addition, Andy Bromberg, co-founder of CoinList, a cryptocurrency website, said that cryptocurrencies are counter-cyclical to the traditional financial system, and that bitcoin is expected to become less relevant to the future of the existing financial system.