After Utah's Bitcoin reserves are approved (results will be available soon) 1. People will realize a new issue, which is that each state is building this reserve. Although the scale is not very large, it is generally not sold, which is equivalent to deflation. Some that have not been approved will continue to be proposed after a period of time, possibly because some states pass it and then pass it, until the federal government also passes it. Countries will follow suit, just like Hong Kong stocks and Japanese companies started to follow the trend after the success of micro strategies. 2. These reserve proposals all have market value requirements, so the core of this market trend is the mainstream with relatively high market value. Taking Utah as an example, the market value requirement is $500 billion, and currently only Bitcoin can do it. Other states are roughly the same, which requires Ethereum, XRP, and others to increase by 2-3 times before they can be reserved. Everyone is focused on BTC, but there are also people who want to engage in other knockoffs. Only by boosting this narrative and reaching a circulating market value of 500 billion yuan can it be reserved.