Speculation is even older than mountains ⛰️ Speculator is a neutral term, not a derogatory one Speculators and believers are just participants in market pricing with different styles Speculators provide liquidity for effective pricing of BTC Believers provide value anchors for effective pricing of BTC The current price collapse of BTC and the drying up of innovation in Crypto The root cause is not speculators We have to find someone to blame That should also be the greed and exhaustion of the supply side Of course, I have always believed that the reason why Crypto is not working right now Not closely related to speculation on the demand side and greed on the supply side Because they are the foundational environment of Crypto The main reason is that Since 2008 To cope with the financial crisis The US government increases leverage and the Federal Reserve expands its balance sheet The policy of providing liquidity transfusion to enterprises and residential sectors to the extreme It's time for a proper end to life Although BTC nominally opposes the proliferation of the US dollar, it is actually the biggest beneficiary of the US dollar's proliferation When MAGA takes full control When systematizing the MAGA concept into the American system The supply of US dollars has entered a historical tightening cycle Gold, silver BTC、 US technology stocks It will enter the foam removal cycle synchronously. 26 years, let's say goodbye together until 2008.