哈达哥

Some people ask if the housing market will continue to decline. I can tell you very clearly that it will. Whether it's new homes or second-hand homes, no matter how low the price seems when you buy, you will definitely be stuck with it, and there is almost no hope of getting out of it. Unlike gold, Bitcoin, or the S&P and NASDAQ, even if you are stuck, you just need to wait. Houses are always depreciating, and the era of reckless demolition without considering costs is over. Even if the price of new homes in that area recovers many years later, your house will not sell for a good price.

If you had bought Bitcoin 10 years ago, or any company or system that generates real value, your wealth would have increased by more than one level by today. But being in the midst of it, we can easily be influenced by price fluctuations, thus ignoring the real, growing social value it creates. You might not feel that spending a little more money today on a better house or a better car makes a difference, but in 10 or 20 years, that money will become significant, and it is an important reason for the widening wealth gap between people.

Many people in their 20s and 30s consider themselves old, as if half of their life has passed, and now it’s reasonable to start enjoying life. It’s not surprising, as the human brain developed a pleasure-seeking loop during the era when the average lifespan was consistently below 35 years, but what they overlook is that in modern society, they likely have 50 to 60 more years to accumulate wealth. Any penny today, under the influence of decades of compounding interest, is a substantial amount—this is something only a rational mind can realize.

Under the immense power of time compounding, theoretically, the vast majority of people can achieve financial freedom; it’s just a matter of a few years' difference. Those who never achieve financial freedom by the time they die surely do so for reasons they cannot hold onto. $BTC

Stablecoins are a blessing for the Chinese people; this is a new round of monetary revolution that will undoubtedly change the world’s new financial landscape.

The U.S. financial securities sector has already started making moves to put U.S. securities assets on the blockchain, meaning that people from all countries and regions around the world can invest in U.S. assets using stablecoins without going to the U.S. or having a U.S. account.

U.S. Treasury bonds, as well as the Dow Jones and Nasdaq indices, have a long history of growth in the American financial system spanning hundreds of years, and will not be completely wiped out or suddenly confiscated like in some countries.

When stablecoins are widely adopted globally, it means financial equality for people around the world; people in underdeveloped countries and regions can directly access the U.S. financial market and hold assets that can be inherited and preserved for hundreds of years. $BTC

Changpeng Zhao once developed a trading system at the Tokyo Stock Exchange after graduating, and the financial knowledge he acquired during this period laid the foundation for his subsequent entrepreneurship.

Compared to other entrepreneurs, Changpeng Zhao does not have a deep background. His growth experience is like that of many ordinary kids in cities today; he went to Canada to obtain a degree and then found an ordinary job in Tokyo. On his entrepreneurial journey, there was no influx of large capital, nor was there a dazzling halo, but now he holds a financial empire in his hands.

By 2025, Changpeng Zhao's assets exceeded $65 billion, surpassing Li Ka-shing and Zhang Yiming. In the past two years, NVIDIA's growth momentum has been rapid, and Jensen Huang's assets have surpassed those of Changpeng Zhao, but in 2022, Zhao's assets were more than twice those of Huang.

Jensen Huang has founded NVIDIA for 32 years, while Changpeng Zhao went from founding Binance to becoming the richest Chinese person in just 4 years. In 2018, he was still a technical officer at an unknown company, much like Satoshi Nakamoto, a hacker hiding behind the scenes yet mastering the global financial code. His cognition and understanding of the financial market have achieved his brilliance. His path to fame can no longer be described as a counterattack; rather, it is a child using a fulcrum to leverage the whole world, an obscure individual effortlessly defeating the business tycoons of Wharton and Harvard Business School.

With U.S. President Trump’s support for cryptocurrencies, the future development of cryptocurrencies will enter the fast lane, and Changpeng Zhao's financial empire may even shake the global currency system in the future. Other businessmen operate under the U.S. dollar system, while he directly touches upon the dollar's hegemony. If he hides in the UAE, he may no longer be able to use the dollar for business, and the U.S. cannot do anything about it either, as there is no extradition treaty between the UAE and the U.S.

Changpeng Zhao's smartest move was to voluntarily appear in the U.S. court and reach a settlement with the U.S. Department of Justice, which means that the U.S. judiciary indirectly recognizes the legitimacy of Binance's global operations, making him the first businessman in the world able to share hegemony with the dollar. And now, President Trump is not only issuing Trump coins himself but is also accepting cryptocurrencies for campaign funding. Virtual currency, backed by the credit of the U.S. dollar, will have an even more solid status in the future. $BTC

In 2020, Bitcoin surged, reaching a high of $65,000, leading other cryptocurrencies to rise as well. However, at that time, the valuation of cryptocurrencies was extremely fragile. In 2022, with the bankruptcy of the FTX exchange, Bitcoin once fell to $15,000, while many popular coins from that year, such as EOS, have now disappeared.

However, Bitcoin did not become electronic trash; instead, it began to build a foundation for growth starting at $15,000, and this round of growth is very healthy, maintaining a high valuation over the long term. In fact, the cost of mining one Bitcoin has now skyrocketed to over $80,000. With the booming development of various DeFi projects, USDC and USDT have completely replaced the old relics like BCH and LTC, shining brightly in the payment sector.

So, what is the fundamental reason for CZ being sued by the U.S. SEC? Simply put, it's about taking someone else's cake. Traditional wealthy individuals like Musk and Bill Gates hold stocks as their wealth, and the rise in stock prices has also driven overall market prosperity. It can be said that their success aligns with the traditional path designed by the U.S. financial sector, allowing Wall Street investors to share in the profits. But Zhao Changpeng, Sun Yuchen, and others issued a currency, suddenly gaining a large following worldwide, and suddenly... became the richest? Moreover, it's an asset completely controlled by Binance like BNB. This aroused dissatisfaction from U.S. regulators. If you don't play by my rules, then I will sanction you; only the U.S. has the ability for long-arm jurisdiction, while China has always focused on banning.
$BTC

Therefore, Trump's pardon of CZ is actually just following the historical trend, filling in a piece of the puzzle for the development of cryptocurrencies.

However, as more and more fintech companies enter the cryptocurrency space, the mindset of regulators has changed. On October 15, 2021, the SEC approved the Bitcoin futures ETF, and by January 10, 2024, the spot ETF was also approved. At this point, cryptocurrencies, especially leading ones, have become a global hard currency that can rival gold and silver, truly representing a digital dollar. Although Bitcoin recently pulled back to over $100,000, it quickly rebounded to $110,000 after a brief pause, further demonstrating its resilient value.

Binance, as the world's largest cryptocurrency exchange, has reached a reconciliation with U.S. regulators that resembles a win-win situation. From the initial theft and closure of the Japanese mtGox exchange to the present day, the cryptocurrency sector has experienced a large number of hacks and fraud incidents over the past 11 years, and it has gradually gotten on the right track, moving towards legality and compliance. Although trading is still not freely allowed in certain regions, it is undeniable that cryptocurrencies are gradually becoming part of institutional and bank asset allocation, just like traditional assets such as stocks and bonds. $BTC

Once I thought that Alipay and WeChat made payments very convenient and comprehensive, but now I rarely use Alipay for payments because it is not as convenient as Visa. PayPal's Asian headquarters is located in Singapore, and now I only need a Visa card to directly top up with Bitcoin and link it to PayPal for spending in major malls and online platforms. This is an experience that Alipay and WeChat cannot provide.

What is behind stablecoins? The US dollar and US debt, which means that once stablecoins enter households, a large portion of all the money in the world will turn into dollar-denominated assets—this is the intention of the United States. The internal assets that were previously locked away in various countries will be opened up—you might think that the citizens of your country still hold their domestic assets, so domestic debt isn’t really debt, and it's still being harvested. In fact, citizens have long held US dollars and dollar-denominated assets through stablecoins.

Therefore, dollar assets will definitely receive significant support. Why will RWA be the next big trend? Because once people are holding USDT and USDC, what do they buy? Either on-chain financial products, or cryptocurrencies, or they need to be able to purchase 'tokenized US stocks'.

You can buy relevant stocks. If you can buy Circle, buy Coinbase first; if you can't buy stock in Tether, just hold off for now, and we'll talk about it when you can buy—Coinbase's strategy is limited by judgments on the cryptocurrency cycle; while Circle's strategy is based on a 10-year perspective. In 10 years, your wealth may likely jump 2 to 3 tiers. $USDC

In 2020, Bitcoin began to soar, reaching a high of $65,000, which drove other cryptocurrencies to rise as well. However, at that time, the valuation of cryptocurrencies was extremely fragile. In 2022, with the bankruptcy of the FTX exchange, Bitcoin once dropped to $15,000, and many coins that were popular that year, such as EOS, have now disappeared.

However, Bitcoin did not turn into electronic waste as a result; instead, it started to build a bottom and rise from $15,000, and this round of increase is very healthy, maintaining a high valuation for the long term. In fact, the cost of mining one Bitcoin has now skyrocketed to over $80,000. With the flourishing development of various DeFi projects, USDC and USDT have completely replaced the old coins like BCH and LTC, shining brightly in the payment field.

Therefore, Trump's pardon of CZ is actually just following the historical trend, adding a piece to the puzzle for the development of cryptocurrencies.

$BTC

In August 2023, the two companies jointly announced:
The Centre consortium is dissolved, and Circle takes full control of the issuance and management of USDC

Key changes:
USDC will no longer be managed by the consortium, but will be independently issued by Circle
Coinbase exits the governance layer but continues as a shareholder + channel partner

Both parties re-sign the revenue-sharing agreement:
USDC reserve interest: Circle 80–85%, Coinbase 15–20%
USDC reserve interest on the Coinbase platform → Exclusively belongs to Coinbase. $USDC

1. Why Invest in CRCL
Many people see Coinbase as more famous, having gone public earlier with more users, but they overlook a fundamental difference:

Coinbase is a platform business, while Circle is a system business.
Coinbase relies on trading volume to survive, making a fortune in bull markets and getting cut in half in bear markets.

Circle makes money through interest on dollar reserves and the scale of stablecoins, not relying on sentiment, market trends, or user popularity.

In other words:
Coinbase earns "hot money," while Circle earns "structural money."

2. Business models determine different revenue certainties.

Coinbase's profits fluctuate with market conditions,
while Circle relies on reserves and interest income, being able to continue making money even in bear markets.
In the future, Circle's business model is more like Visa + the Federal Reserve, serving as the underlying revenue machine for the digital dollar.

3. Why CRCL has greater long-term explosive potential.

1. The market space is ridiculously large.
The total scale of stablecoins is expected to reach approximately $250 billion by 2025, anticipating $5–10 trillion by 2030.
Even if Circle only captures 30% market share, under the current model, it will manage $1.5–3 trillion in reserves $USDC .

Stablecoin Payment is Settlement

Profit model of stablecoins

Based on a long-term US Treasury yield of 2–3%, interest income alone can generate cash flow of 100 to 200 billion USD per year

If a price-to-earnings (PE) ratio of 15–20 times is given, the entire stablecoin industry’s potential total market value could reach 2 to 3 trillion USD

As CRCL (Circle Internet Group) is the compliant leader within the US regulatory framework
It is highly likely to capture 25–40% of the market share, corresponding to a market value of 500 billion to 1.2 trillion USD

Compared to the current market value of only 30 billion USD
There is still more than 20 times growth potential $USDC

Bitcoin will eventually replace gold, I don't know exactly when. It may take some time, but it will happen. $BTC

The whole world knows it has reached a new high, which will trigger more capital influx, the market falls into a frenzy, and then suddenly drops. $BTC

Gold has reached 4160 yuan. The increase that started in 2016 has progressed to the fifth wave as seen by the green line, and it may pause after approaching or reaching 4340.

Although USDT is still the mainstream currency, with the popularization of RWA top-level design and the trend of stablecoins by the US SEC, it was officially announced today that a national trust bank will be established. USDC will inevitably become mainstream. Although coin has siphoned off 50% of the profits at this stage, as the issuance volume and platform attributes change, the channels are merely tools of the platform, and the profit relationship between both sides will also change subtly. We stand at the starting point of another dimension!$BTC

Stablecoins are the best tool to distribute massive amounts of US debt to the whole world, and they can even directly take over the monetary sovereignty of many small countries, such as Venezuela, where the credibility of the local currency has collapsed. The government immediately loses its right to issue currency because the people actually hold and use US dollar stablecoins. Therefore, the currency issuance functions of many governments around the world can be said to be on the verge of becoming a mere formality—modern society finds hot colonization unprofitable; the idea of occupying land is held by those who have not evolved in their thinking. In today's world, cold colonization is the way to go. $USDC

1 cent RMB is approximately 1 Satoshi
"Satoshi" is the smallest unit of Bitcoin, and 1 Bitcoin equals 100 million Satoshis. To calculate how many Satoshis can be bought with 1 RMB, you need to know the current exchange rate of Bitcoin to RMB.

According to the data from CoinWorld on October 8, 2025, at 16:22, the price of Bitcoin against RMB is 1 Bitcoin worth 875,733.43 yuan.

The calculation process is as follows:

1. First, calculate the amount of Bitcoin that can be exchanged for 1 yuan:
Since 1 Bitcoin is worth 875,733.43 yuan, the amount of Bitcoin that can be exchanged for 1 yuan is 1\div875733.43\approx1.142\times10^{-6} (pieces).

2. Then convert it to Satoshis:
Since 1 Bitcoin equals 100 million Satoshis, the number of Satoshis that can be exchanged for 1 yuan is 1.142\times10^{-6}\times100000000 = 114.2 (Satoshis).

In summary, according to the exchange rate on October 8, 2025, at 16:22, 1 RMB can buy approximately 114.2 Satoshis. It is important to note that Bitcoin prices fluctuate in real time, and the actual exchange amount will vary with market conditions. $BTC