Orange evening interpretation 5.22 After grinding for so long, the pie finally broke through the previous high in the early hours of this morning, and stood firmly above 11w, the new high of the pie once again confirmed its cyclical attributes, this wave from the previous high 10w9 callback to the low point 7w5, and the round of callback from 6w4 to 3w in 2021, it is exactly the same plot Even though many media have been singing about the decline of the currency market in the past few months, saying that the bull is dead and the deep bear is coming, I still believe that the pie will slap them in the face, this time ATH is really cool, like in 2021, the plot of the pie in the bull market deep pullback and then a new high is staged again, and this time, considering the change in the market structure, it is no longer a game of eagles and chickens for retail investors and giant whales, but a competitive situation between countries and institutions, which is from the perspective of BlackRock and Micro Strategy, which is the trading method of buying more and more at new highs. The market they see is far beyond the imagination of people in the currency circle, so the numbers of 100w and 150w that Sister Ark often talks about may not be completely illusory, this is very likely to happen, and the pie at that time may have become a super asset that surpasses all others. In fact, since Trump came to power, cryptocurrencies have completely become the world of the regular army, just like playing a game out of the novice village, all the patterns have been opened, such as strategic reserves, from Trump to issue coins by himself, and to do WLFI, and to buy in person, which shows that the reserve pie is not just to pull crypto votes, he is serious, including his son Eric admitted in public that he has a large amount of bitcoin, and Trump is too, no matter which US official has before, The talk of this kind of risk asset is very cautious, and after Chuanzi came up, crypto has become a very positive asset, just like Apple and Nvidia stocks, it can be said that he is good or he is not good, so that everyone will face up to its existence, and after assessing the risk, they will naturally know whether it is worth investing in, which is an improvement in the consensus level; Then Trump said that he wants to use encryption to solve the problem of the U.S. national debt, and now we can already see its idea, it may be the bitcoin + stablecoin system instead of the dollar system, last night the fox reporter reported that the genius stablecoin bill has voted to pass the motion, and it has begun to enter the revision stage, which means that the stablecoin legislation is about to be passed, and I explained the benefits of the stablecoin bill to crypto in my previous article, first of all, the institution and the largest amount of funds can enter the chain in compliance with regulations, here is not only the liquidity in the account, There are also many real estate or funds that do not need to be realized, such as the U.S. bonds behind stablecoins, when a company holds a large number of U.S. bonds, he can hold them at the same time, and then go to the chain to copy 1:1 stablecoins, similar to the pledge and lending of the currency market, and there is no waste of capital efficiency, which is equivalent to 2x leverage, and theoretically there is no risk, if the overall scale of U.S. bonds is on the chain, it means that 3.7 billion funds enter the currency market, At present, the pie is only more than 210 million yuan, which is enough to pull dozens of times, and the repayment crisis of US bonds has been delayed, because the stablecoin bill gives US bonds new liquidity and practicality, and even higher returns, of course, real estate and other tangible and intangible assets can be put on the chain in the form of the stablecoin bill, which is RWA, which is why the RWA sector has risen so sharply recently. In addition, the world can follow the model of the United States to reserve the pie, the real assets on the chain, the issuance of stablecoins, El Salvador and other small countries are already in reserve, stablecoins, yesterday South Korea has been in the news, the new President Lee Jae-myung will withdraw from the won stablecoin and bitcoin ETF before taking office, the Hong Kong stablecoin bill has also entered the third reading stage, other countries have basically moved, and even Dongda has signs of relaxation, To shift from prohibitive policies to systematic planning, countries may begin to enter the pie reserve within a few years, Spell the encryption reserve TVL stage,Of course, now the domestic mood is still more evasive about encryption,Today11w Although it is on the hot search,I see a lot of outsiders' comments are still priceless、Scam、American conspiracy and the like,It shows that the domestic people's awareness of encryption is still generally low,The future consensus level is still quite large,I believe that other countries are similar,After all, encryption has been deeply cultivated in China for so many years,PreviouslyCEX、Mining farms、Computing power、Chip manufacturing, In the future, with the improvement of cognition, everyone will realize that the pie is a good store of value, just like gold. Last night, Texas' bitcoin reserve bill passed a vote, and now it has been sent to the governor for signature, which is basically stable, and the governor of Texas is a member of the Republican Party and is also very pro-crypto, so there will definitely be good news in the near future; Binance launched the WLFI stablecoin USD1 today, which is ironclad proof of Trump's investment in Binance, before Binance announced that it had received a $2 billion investment from Abu Dhabi, which is said to be in the form of USD1, in fact, this is equivalent to the Trump family's stake in Binance, and now this online is equivalent to the arrival of funds, and it is expected that a large number of USD1 trading pairs will be opened later, in addition to the meme on Binance before$B Suddenly got involved with WLFI, maybe this coin was issued by members of the Trump family, Last night, it was also included in the reserve by WLFI, and the market value directly exceeded 260 million, and now all projects related to WLFI and USD1 have taken off, especially $lista $sto $b is the most bullish, and there are $ETH $WBTC $TRX $LINK $AAVE $ENA $MOVE $ONDO $SEI $AVAX $MNT $EOS projects announced by other WLFI positions, which are all worth paying attention to, all of which are strictly selected by the president, and there are $hype Because of the super confrontation between James and Brother Insider, the popularity was directly full, and the currency price directly exploded by 15%, and it looked like it was about to rush to ATH; $wld Because I got the new 130 million investment of A16Z, it also took off, in short, after the new high of the pie, the cottages are a little unbearable, and it is expected that the cottage cattle are coming, everyone, hold on steadily.