Interest rate cuts are good for Bitcoin more than for US stocks, which are not cheap themselves, of course they are not expensive, but they are reasonable, and there is limited room for valuations to continue to increase significantly in the short term. The higher the valuation, the stronger the attraction to US stocks, and it will continue to rise, but it will be slower and more tortuous. While gold and Bitcoin are not entrenched assets, there are no restrictions on valuation, the more paper currency increases, the more liquidity increases, they have only one direction, up. American debt increases by 1000 billion dollars every 100 days, now totaling 35 trillion dollars, and now that inflation is under control, the US Treasury can shamelessly increase debt. This is followed by another marginal improvement in liquidity, and considering that the ceiling for US stocks is temporarily limited in the short term, it is already clear where the money will go. When choosing a direction, you should stand a little higher in the model, and you cannot look too short, otherwise you will drift due to market fluctuations. Gold was the first to react and continued to lead the way for a while, and central banks continued to increase their holdings of real money, an expanded version of gold, it should not be a big problem for Bitcoin to break through 100000 within a year.