Yilihua: Crypto Supercycle Is Approaching, Currently at the Dawn Before the Major Bull Market

Odaily News Yilihua posted stating that China, the United States, and South Korea are the three major markets in the crypto industry. Currently, the stock markets in these three countries are in a bull market uptrend, with large funds primarily concentrated in the stock market or heavy metal sectors. Affected by the interest rate hike cycle and the fact that blockchain technology's impact on reality has fallen short of expectations, since BTC reached $69,000 in 2021, except for BTC's slight increase, ETH's performance has been far below its peak from four years ago. Against the backdrop of the upcoming interest rate cut cycle, the globalization of stablecoins, crypto-friendly policies, and the application of financial on-chain technology, the current period is at the dawn before the major crypto bull market. He expressed agreement with CZ's view that a crypto supercycle is approaching and pointed out that industry leaders such as BMNR, Strategy, Tether, Binance, and USD1 are all continuously buying.