#AI基础设施投资 Banmu Xia's recent analysis really hit the nail on the head. Concerns about the AI bubble have been fully priced in, expectations of Japan's rate hikes have been largely digested, and with the Federal Reserve beginning to expand its balance sheet and liquidity improving, current risk assets are indeed worth entering. Although non-farm payroll data isn't great, it's not that bad either, and it actually provides more room for rate cuts.

The key is the improvement in liquidity, which is a real positive. The previous pessimistic expectations of "AI is doomed" and "rate hikes will continue" are almost exhausted, and now it might actually be a window to get in. Of course, don't treat this as some ultimate opportunity; concerns about an AI bubble will likely resurface later, but every pullback could be a new buying opportunity. Just see it as a cyclical occurrence until one day the market truly goes crazy and believes "this time is different."

Currently, the risk-reward ratio for entering major assets like Bitcoin and the S&P 500 is quite good. Looking at a 1-2 month mid-term perspective, the gains could be significant.