If the liquidity of the US dollar is loose, the US stock market will rise, and Bitcoin will follow suit, benefiting from the overflow of US dollar liquidity; When the liquidity of the US dollar recedes, the US stock market falls, and Bitcoin follows suit. The biggest difference here is that Bitcoin benefits from demand support such as encryption policies, innovation, and hedging, forming a strong foundation for Bitcoin. However, a strong foundation does not necessarily drive a significant price increase. This can explain why during the US Israel Iraq War, the US stock market experienced a sharp decline, Bitcoin experienced a slight drop and sideways trend, the war eased, the US dollar surged in, the US stock market surged and broke through historical highs, while Bitcoin fluctuated sideways and upwards. This will be the trend of Bitcoin for a long time to come. From this perspective, it is indeed more like gold, except that it will be real gold before 2025 and gold after the US dollar. Bitcoin will still skyrocket, but it is unlikely to happen now.