Just by looking at the trading volume of the exchange, one can tell that it is very sluggish now; the trading volume of the BlackRock B ETF has already doubled that of BN.

New investors are more willing to purchase BTC through compliant ETFs. What they hold is not a decentralized asset, but a financial product backed by the credit of US Treasury bonds, and they are not afraid of the exchange running away. Of course, what is bought on the exchange is also not decentralized, with various thefts and exit scams occurring frequently. Where is the decentralization? Everyone just believes that B can rise.

Some statistics show that for every 10% increase in BTC, the scale of stablecoins expands by 7%, which in turn drives more dollars into US Treasury bonds. This is great, as it gives the US more motivation to push BTC higher.
#美加征关税