Wake up! This round of BTC's crazy rise is not a bull run, it is a carefully orchestrated conspiracy.

The crypto world has been quite lively recently, with BTC breaking through a new high of 110,000, which has excited many people, thinking that the bull run has begun. But don’t rush to celebrate; behind this seemingly crazy rise, there might be a huge conspiracy - the on-chain harvesting plan to resolve the US debt crisis.

The scale of U.S. national debt has reached a staggering 36.2 trillion dollars, and this number continues to rise. Before June 30, the U.S. needs to repay a huge amount of debt, which is estimated to be in the trillions. In the past, the buyers of U.S. debt were mainly institutions and countries, but now U.S. debt is facing the risk of collapse, and everyone is selling off, even former major holders of U.S. debt are continuously reducing their holdings. The U.S. government urgently needs to find new buyers, and this is the key factor behind the rise of BTC.

To attract individual investors, the United States has set its sights on the crypto space. BTC has started to soar, continuously breaking previous highs and creating a frenzied wealth effect. Uninformed retail investors see the opportunity for wealth and flock into the crypto circle. However, they do not realize that they are gradually stepping into a trap set by the United States to resolve the debt crisis.

The recently passed stablecoin legislation in the United States is a key step in this conspiracy. On the surface, the "Guiding and Establishing the National Innovation Act on Stablecoins in the United States" (GENIUS Act) aims to regulate the stablecoin market and maintain financial stability. However, a deeper analysis reveals that its true purpose is to convert the demand for dollars in the global digital economy into purchasing power for U.S. Treasury bonds, thereby prolonging the hegemony of the dollar.

According to the provisions of the law, any compliant stablecoin, such as USDC or USDT, must be backed by one hundred percent dollars or U.S. Treasury bonds as reserves. This means that when you buy one dollar of stablecoin, the issuer must use one dollar to purchase U.S. Treasury bonds or deposit it in a dollar account. Simply put, the more users there are for stablecoins, the more buyers there are for U.S. Treasury bonds. This is not merely regulation, but an on-chain version of an automatic U.S. Treasury bond distribution system.

Standard Chartered Bank predicts that by 2028, the stablecoin market size will grow from the current $230 billion to $2 trillion, with approximately $1.75 trillion being used to purchase U.S. Treasury bonds. This will make stablecoin issuers one of the largest buyers in the U.S. Treasury market, effectively alleviating the selling pressure on U.S. Treasuries.

The BTC rise led by the United States, along with the stablecoin bill, represents a game concerning the global financial landscape. Investors must stay clear-headed and not be swayed by the superficial wealth effect, lest they become the "sacrificial victims" of America resolving its debt crisis. When participating in cryptocurrency investments, it is essential to deeply understand the underlying logic and risks to avoid falling into this meticulously planned financial vortex. #比特币突破11万美元 #PiNetwork @PiCoreTeam $Pi #GateLive Space：连麦畅聊币圈热点！