Looking back now, although we have recently attached more importance to the risks and crises brought by Japanese and US bonds. However, the underestimation of the positive impact of the stablecoin bill on the targeted support and release of funds in the cryptocurrency industry, and even the double markup effect caused by the addition of the Bitcoin Reserve Act. That's the anchor switching logic I mentioned before. You can check my daily report data, and now the total market value of stablecoins is 216.2 billion US dollars. That is to say, the M1 currency has increased by 216.2 billion, and the M2 currency multiplier by 2025 is expected to be around 3.3-3.5 billion. The increment of M2 may be between 713.5 billion and 756.7 billion US dollars, coupled with the high leverage characteristics of the cryptocurrency circle itself, the total amount leveraged may be over trillions of dollars. The United States encourages issuers and financial institutions to use stablecoins through compliance and legal endorsement, gradually increasing the market value of stablecoins. At the same time, according to the logic of 1:1 anchoring of US dollar stablecoins, the effect of doubling the issuance of US dollars with the same market value has been indirectly achieved, that is, the original one yuan base currency has become two yuan. It suddenly recalled my memory of doing stable currency business in 2019. At that time, Old Hot Coin would issue HUSD through Paxos, and Paxos would buy US bonds with these dollars. In this way, the original one dollar still operates within traditional systems such as US bonds and banks. And a stablecoin issued in a 1:1 ratio entered the circulation of the cryptocurrency circle, directly learning the strongest ninja technique "clone method", which cannot help but make people marvel at the strength of a financial power, with double currency multiplier and double turbocharging!!! The tourbillon is spinning, brothers!!! This excessive issuance of currency logic further strengthens the weak dollar cycle. By ceding a portion of the US dollar hegemony and supporting virtual currencies to alleviate the US debt crisis. The proportion of Bitcoin's 30% US stock and 30% gold reserves in the past will gradually change from now on. Although it is difficult to accurately define the exact amount now, it can be seen as 60% US stock and 40% gold reserves, and it may further increase in the future.