Crypto is building a rule-based order and gradually allowing Old Money and retail investors to enter the market.

Crypto is establishing rules and inviting Old Money and retail investors into the market.

For the United States, building a rules-based international order is a policy that is consistent with finance and trade. The overall milestones and rhythm can be reasonably anticipated:

• Due to the absolute hegemony of the US dollar among world currencies and its strong liquidity, as the volume/influence of Crypto increases and financial controls by various countries intensify, Crypto has become a good card for penetrating the dominance of the US dollar, although the current interest system is not completely controlled by the Jewish and Rothschild families, so we are in the stage of cleaning the battlefield and establishing rules before the eruption.

• The SEC is cleaning up the non-US-controlled battlefield, “singing the red and striking the black,” to regain the token review and rule-making authority, forcing the project parties to comply or exit, supporting the infrastructure (exchanges, chains, liquidity pools) controlled by Rothschild and the Jewish community.

• Wall Street asset management is preparing to gradually launch products, (starting with ETFs, and later, once the underlying infrastructure matures, converting existing financial products into crypto or RWA).

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  • Bitcoin’s ‘buyer-to-seller ratio’ soars, indicating renewed bullish sentiment.

• Coinbase is gradually becoming the “Nasdaq” of the cryptocurrency industry, taking on tokens and ETF products after SEC approval.

• OP has become the crown prince, taking on top projects: WorldCoin, Base, opBNB, and through OP stake, is expected to achieve the unity of Cosmos with its myriad chains… Whether the Ethereum Foundation collectively submits or not will also determine when and whether OP switches to layer1.

• Side note: As one of the largest liquidity pools in the crypto industry, Curve’s founder’s distribution of tokens also avoids becoming the target of regulation, which is very wise. Uniswap and Blur have long been within the scope of US regulation.

For the United States, once regulations are implemented, it will be completely in the comfort zone of Wall Street (similar to subprime, with higher-risk assets), coupled with the media resources behind the Jewish community, the explosive power will be strong.

For China, there is a strong level of uncertainty in terms of overall milestones and rhythm due to the struggle for international monetary discourse power and the liquidity dilemma of the renminbi (to maintain exchange rates):

HashKey is an important indicator: It has just obtained the Hong Kong Exchange license, Hong Kong bank withdrawals have been enabled, and secondary funds will be launched in September. With this, the purchasing channel for Chinese Old Money has already been established.

There are several conflicting points to continue to move forward:

① The offshore renminbi and the US dollar are freely convertible. If Hong Kong adopts a regulatory strategy similar to the United States, the products will lack advantages.

② The onshore renminbi is the largest increment for Hong Kong. The domestic policy will not loosen (which will affect the exchange rate and financial system). So how to legally purchase products in Hong Kong?

③ Assets denominated in RMB are also under pressure in the currency war (A-shares, some Hong Kong stocks, some resources), with a priority push compared to Crypto.

Speculation method:

① Open “Hong Kong Crypto Channel” within the regulatory system, allowing domestic funds to participate in mainstream token transactions under regulation. However, like the United States, it is necessary to clean up channels that are not within the system and then open them, which is estimated to take 1-2 years (recently cleaning up channels for deposit and withdrawal).

② Under the premise that the overall funds are within the regulatory system, it is simpler to choose breakthroughs in regulatory policies (compared to the United States).

For China, the discourse power of the RMB in the international asset/pricing system is the most important priority, but the historical burden of the financial system is a bit heavy, and there are many points to defend against the strong attack of the US dollar. Crypto, as a relatively new thing, is a good breakthrough point.

I believe that in the next 1-2 years, decentralized narratives will rise again in third world countries. And the right-wing’s mass adoption is already on the way, now may be the darkness before dawn, the rich guys are about to bring “iPhone” moments to Crypto.

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