A lot of folks have noticed a pretty interesting phenomenon: every time Trump gives a call on the US stock market, it often actually goes up. If he calls the index, the index rallies; if he calls tech stocks, those tech stocks skyrocket. We've seen this with Intel, quantum stocks, and recently Dell, all experiencing similar market action. But once he mentions Bitcoin or cryptocurrencies, it often goes the other way. After the call, the crypto space not only fails to keep climbing but frequently sees high-level sell-offs, wild swings, and steep drops. Why is that? Because the US stock market is backed by real corporate profits. When you buy NVIDIA, Microsoft, or Apple, you’re essentially buying the cash flow, profits, tech edge, and future growth of the world’s best companies. These firms will continuously generate profits, keep boosting free cash flow, buy back shares, enhance EPS, and capture the global AI, cloud computing, software, and chip industry dividends. So, the underlying reason for the rise in the US stock market comes from the sustained growth in US tech and global economic productivity. Even if there are bubbles, corrections, or crises along the way, in the long run, corporate profits are on an upward trend. That’s why over the past few decades, NASDAQ and S&P 500 have consistently hit new highs. Because there’s real profit growth behind it.

Cryptocurrency, on the other hand, is different. The vast majority of cryptocurrencies don’t generate cash flow, don’t create profits, and lack real production activities to support their valuations; they’re more like 'liquid assets.' What drives the price up? New capital influx, market sentiment, leverage expansion, narrative-driven hype, KOL calls, and retail FOMO.

The core difference can be summed up in one sentence: US stocks are a 'profit-driven' positive-sum game, while cryptocurrencies are more of a 'sentiment-driven' capital game.