Thoughts on the Cryptocurrency Market Going Forward

1: The Federal Reserve has lowered interest rates as the market expected and has also begun to expand its asset size (although it does not openly admit it). How things will progress next depends on the last period before Powell steps down, after all, he will be replaced in June.

2: The so-called "regulatory bull market" has not yet started. On the one hand, there is insufficient liquidity; on the other hand, regulatory policies have not yet been implemented. Whether the new chairman will bring a new direction after taking office is still hard to conclude; we can only continue to observe.

3: This bear market is different from previous ones. Due to the presence of large institutions and ETFs, mainstream coins like Bitcoin and Ethereum will not experience the same drastic declines as before. However, altcoins lack funding support; whether they can survive will depend on luck and fundamentals.

4: Whether we can see another altcoin season in the future depends on whether the industry can produce truly valuable products. If there is only narrative without actual use, many altcoins may indeed go to zero...

5: Regarding Trump, he has always been relatively friendly towards cryptocurrencies, and his family is also involved, so his policy direction has a significant impact on the entire industry. If he remains in office, it would be a positive for the market; if changes occur, expectations will also be affected.