Americans went to Thanksgiving today. Bitcoin has also returned to 90000 yuan from 80000 yuan last Friday. It rebounded by $10000 within a week. The current trend of Bitcoin is likely to be less affected by its own halving. Because after halving, the amount of coins flowing into the market is decreasing. Prices may be more influenced by liquidity, market leverage, and long short games. The market is always changing hands, and this week there was a panic buying frenzy. Texas bought a $5 million BlackRock BTC ETF and reportedly has $5 million left to buy physical BTC. The cost price this time is $87000. This is the state government. Without a 10% or 90% certainty, they dare not invest taxpayers' money in this way. Moreover, what's even more impressive is that Texas invested a sum of money in May 2024, making a huge profit... In May 2024, Texas Teachers' Retirement System (the eighth largest pension fund in the United States with assets of approximately $220 billion) indirectly held 45137391 shares of Metaplanet stock through investment in Japanese company Metaplanet, a Bitcoin holding company similar to "MicroStrategy Asia", equivalent to indirectly holding approximately 5981.2 BTC (approximately $563 million at the time). This money comes from the Teachers' Pension Fund, not from the state budget, but from decades of contributions and investment returns of teachers. This time it starts in Texas, and there will definitely be more states following suit in the future...