Firm supporters of the bull market have begun to anticipate a clear bill vote on September 15. I don't really want to explain these things; the birth of such rumors has already affected the user thinking in Lao Cui's hands. It is surprising that someone would worry about the passage of this bill this year, detailing some American operational processes. Why does Lao Cui think the clear bill cannot be passed in the short term? First, this round of voting mechanism has a total of 100 votes, requiring 60 votes in favor to pass. The Republican Party, where Trump is, only occupies 53 seats, meaning they need 7 votes from the Democrats to pass. Without discussing the grievances between the two parties, facing the mid-term elections, the Democrats will never let such a significant positive news from the crypto circle turn into votes for Trump. After all, the Democrats are not that foolish. The core issue lies in the distribution model of interests. This contradiction is not just a battle between the two parties, but rather a struggle between the SEC and CFTC, which also brings a divisive issue of regulatory authority.

Lao Cui has not yet mentioned the conflicts within the Republican Party. The economic confidence among American Republicans has plummeted to levels comparable to the financial crisis nearly twenty years ago; this news broke just yesterday! September 15 is not a day that a bill can be passed; it is more like a test from Trump to see where the real problem lies and what the opposing thoughts are. Frankly speaking, Lao Cui estimates that there are still certain obstacles to passing it next year! So don’t pin your hopes for this year’s bull market on the recent bill. The clear bill is merely a catalyst for the bull market, akin to the listing of BTC, which will be traded starting January 10, 2024, and may double to over 60,000 from February onwards. Any further doubling will require Trump's election promises and the interest rate reduction strategy of that year, along with possible monetary easing policies from America in between. Prices above 120,000, in Lao Cui's view, are not composed of a single positive message, but rather a push from the times. This is also Lao Cui's earlier conclusion; perhaps there will be no such significant positive news again in the crypto circle. To be frank, the force of the clear bill cannot compare to the situation back then.

Lao Cui summarizes: currently, the narrative is just different. The concept of stablecoins is grander, and for the crypto circle, it is inherently a competitive product. Under various compromises, utilizing the traditional coins in the crypto circle can be considered a symbiotic choice. Therefore, cryptocurrencies with stablecoin links will become the focal point of this bull market. To share my own views, even if there will be a rate hike this time, it will not constitute a rate hike cycle; it will only keep short-term inflation within controllable limits and will still be in a rate reduction cycle afterward. Everyone can understand that even if there is a hike, it will only happen once, and afterwards, a new wave of rate cuts will begin. Coupled with the passage of the bill, this will become the wave of the bull market. You can imagine the new peaks; in Lao Cui's imagination, BTC will break the previous high, reaching between 12-15, ETH's new high is somewhat difficult, likely still below 5,000, and SOL will be between 300-500. This is mainly because traditional financial and payment giants, including Visa, PayPal (issuing PYUSD on Solana), Shopify, and Stripe, have already connected to the Solana network for settlement, making it the blockchain closest to the positioning of "the Visa of the crypto world." This core positive support will allow SOL to have broader space. XRP will be between 3.8-5.3, and DOGE should be sold if it reaches a high position; Musk's strategies have already failed. So in light of this imagination, everyone should think about what timing to purchase spot; this requires everyone’s imagination! For contract users, it is best to reduce operations recently or even not operate at all, as it is extremely dangerous. Lao Cui remains bearish; as long as there are new highs, Lao Cui will choose to short it, mainly because my current holdings are still in a loss state! Those without spot, do not trade!

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