The degree of Favourable Informationbitcoin is more than that of US stocks. The US stock market itself is not cheap, of course, it is not expensive, it can only be said to be reasonable, and there is limited space for further significant valuation increase in the short term. The higher the valuation, the stronger the gravitational pull on US stocks, so they will rise, just slower and more twists and turns. Gold and bitcoin are anchorless assets without valuation constraints. The more Fiat Currency there is, the looser the Liquidity, and they only have one direction, which is to rise. US debt increases by $1 trillion every 100 days. Now there is a total of $35 trillion. Inflation is already under control, and the US Treasury can increase debt more recklessly. Next, interest rate cuts will be implemented, and Liquidity will further marginally improve. Given that the short-term ceiling of US stocks is temporarily restricted, it is already clear where the funds will flow. When choosing a direction, you must have a broader perspective and not focus too much on the short term, otherwise you will be led astray by the market's Fluctuation. Gold has already reacted and led the way for a period of time, and Central Banks of various countries have continued to increase their holdings in real gold and silver. As an amplified version of gold, it should not be a big problem for bitcoin to break through 100,000 within a year.