The stablecoin bill has been officially signed by Trump. The bull market engine, is this timing just right?
The second half of the year will be a process of continuously expecting "liquidity to become increasingly abundant"; we don't know what the situation will be next year, so let's seize this wave of market first.
After the stablecoin bill is implemented, there will continuously be large companies like JD entering the stablecoin space. If JD can do it, Tencent can do it too, and Alibaba, Meituan, and ByteDance will follow.
Originally, the internet business has become so competitive that there is no growth space left for everyone. Web3 and AI are the only two choices; web3 has a clearer business model than AI, is easier to get started with, and allows for better capital leverage.
The overall scale of stablecoins will experience a super explosion in the second half of the year; liquidity must be ample. These insights are something only Lao Yu can share with you; whoever masters them first will have the advantage.
The stablecoin bill will be a bull engine. Lao Yu understands that the core purpose of this bill is twofold, first, to ensure that cryptocurrencies such as Bitcoin are still priced by the US dollar (to consolidate the hegemony of the US dollar). Second, to provide liquidity for U.S. Treasuries.
After the stablecoin bill is passed, each U in the cryptocurrency must correspond to the US dollar or US bonds, that is, as long as you have any kind of stablecoin in your hand, whether it is USDT, USDC, USD1, etc., you are an indirect holder of US bonds.
After the passage of the stablecoin bill, Wall Street giants can legally issue stablecoins, for example, if you issue 10 billion stablecoins, you must correspond to 10 billion US dollar reserves or US bonds. The issued stablecoin is then circulated to each of our users, which is equivalent to the purchase of the corresponding U.S. bonds behind our backs.
There are three steps to the passage of this bill:
1⃣ Senate. The current ratio of 66:32 passes.
2⃣ House of Representatives. Didn't start.
3⃣ Trump officially signed. Didn't start.
This solution not only satisfies the interests of the United States/dollar, but also highly serves the interests of the Trump family. USD1 was issued by the Trump family. The probability of this plan being passed will be very high.
Bitcoin is a megatrend in this world, and in Putin's words: no one can ban it. In such a trend, the United States is moving really fast, preemptively occupying the dominance of cryptocurrencies and ensuring the pricing of the dollar. This is unmatched by any other country.
For us, the next step is to keep an eye on the progress of this plan. The United States is consciously leading the development of the entire cryptocurrency, and as I mentioned in my previous article, 11w BTC is far from enough, and 100w USD is not necessarily the ceiling.
After the stablecoin bill is passed, more money will be made, pushing up the price of Bitcoin. For the United States, cryptocurrencies are one of the options that are ultimately saving the dollar.
The above old fish share, welcome to join the old fish community.
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