Many people still don’t understand one thing: why isn’t BTC going up here? Because it lacks cost-effectiveness. U.S. stocks have so many high-quality big targets that can easily rise by dozens of points, even double, and they’re all related to AI and the 'new productive forces.' Even if it goes to 150K, it’s only about a 30% increase. When BTC goes up, it’ll just lead to more early holders with low costs cashing out. Why would big capital want to pump BTC?