Circle just closed and accidentally saw this statement from the crypto czar about "the stablecoin bill will create demand for the US dollar" I recall an essay I wrote on May 6, 2025, which mentioned the issues of uniqueness and policy orientation: the emergence of SOL has strengthened the uniqueness of BTC, and stablecoins can further enhance the hegemony of the United States in the world. What can ETH do for the United States? What can ETH do for China? 👉🏻 Among them, uniqueness refers to BTC orthodoxy, while others are all garbage, no problem; Policy orientation implies dollar hegemony - that is, the hegemony of the United States on a global scale, no problem. BTC is significantly stronger than others, and the stablecoin narrative has become the absolute main narrative I did it right 👉🏻 Abandoning Ethereum is not a wrong choice. Ethereum has a very poor fault tolerance rate, and buying Ethereum at the wrong time is a huge opportunity cost waste. Looking at it from a longer perspective, there is no problem because Ethereum has gone back 999 times in a day and is now underwater again on February 6th 👉🏻 Not daring to pursue CRCL may be a regret for a long time, because until the emergence of USDT's legitimate IPO in the US stock market (which should not be possible) and USD1's use case surpassing USDC and IPO (which is possible, but unlikely to be completed before the midterm elections), Circle may remain firmly on the throne of the concept of IPO stablecoin leader in the US stock market, which may be a regret for maintaining it for a period of time However, there is an implicit conflict between BTC and the dominance of the US dollar. Today I saw a very interesting argument, which is that the stablecoin bill is actually a Trojan horse tailor-made for crypto people. I suddenly realized that BTC exists to resist inflation and fiat currencies. The emergence of fiat stablecoins may seem like a big step in the cryptocurrency industry, but in reality, it is a weakening of the intrinsic value and value storage of Bitcoin From this perspective, it's not an exaggeration to say it's a Trojan horse. When everyone is celebrating, the liquidity of the big players in the cryptocurrency circle, that is, the large amount of money flowing into WLFI, Plasma XPL, and various stablecoin wealth management, indirectly weakens the value storage function of Bitcoin, let alone the counterfeit currency that has no father or mother's love Today may be a milestone. In the future, it is likely that only during the period when the US dollar hegemony is on the decline will there be a possibility of another strong cycle for BTC. Let me make the next argument for now ------ Grasping the big and letting go of the small may indeed be necessary. Watching too many small alpha opportunities can sometimes miss out on thinking about big beta opportunities, which often provide greater certainty and the potential to break through to the next level. But reducing alpha's thinking may also weaken his thinking ability, and he can only adapt to the situation after thinking about it In the end, there were some things that didn't go well. These past few days, I haven't been feeling well anywhere. I used to look optimistic, but in fact, I still have anxiety that I couldn't detect. It seems that only by reflecting well can emotions be alleviated In addition, there are some miscellaneous timelines and logic related to metaphysics that are unrelated to science and are placed in the comments section