Recently, a fascinating investment story about NBA star Kevin Durant has attracted widespread attention. According to his agent Rich Kleiman, Durant first purchased Bitcoin in 2016 for about $600, but later lost access to these assets for nearly ten years due to forgetting his Coinbase account password. This "unexpected forgetfulness" began in 2016 when Durant, who had just joined the Golden State Warriors, was invited to a birthday party in the high-tech circle. At that gathering, cryptocurrency became a hot topic. That night, Durant decided to try investing in Bitcoin. However, fate played a trick. Durant and his team lost the login information for the account, resulting in this investment being shelved for many years. Surprisingly, this seemingly mistaken move unexpectedly became an extremely wise 'long-term holding' strategy. Today, the price of Bitcoin has soared to $117,200, an astonishing 195 times higher than when Durant first purchased it. This means that Durant's 'forgotten investment' has now grown into a massive asset worth tens of millions of dollars. Kleiman humorously stated at a recent summit: 'We have never been able to find Kevin's Coinbase account login information, so we have never sold any Bitcoin. As a result, the price has skyrocketed, which may be the most expensive and fortunate forgotten password incident in history.' This story not only showcases the immense volatility of the cryptocurrency market but also unexpectedly confirms the astonishing returns that a 'buy and hold' strategy can bring in certain cases. Although Durant's experience is an extreme case, it certainly provides us with a vivid example of investment patience and the unpredictability of the market. However, it is important to note that the cryptocurrency market remains highly volatile, and investors should act cautiously and fully understand the associated risks. Durant's story, while captivating, should not be regarded as universally applicable investment advice. For most people, properly safeguarding account information and regularly reviewing their investment portfolio remains a more prudent approach.

Recently, Bitcoin has broken through the new high of 110,000 yuan, attracting widespread follow in the market. However, this phenomenon may hide deeper economic motives rather than being a simple bull run signal. Analysis indicates that the United States is under enormous pressure to repay $6 trillion in debt before June 30. Traditionally, institutions and countries that have taken on U.S. Treasury bonds have not only stopped purchasing them but have also sold off their holdings due to concerns about the risk of a collapse. In this situation, the U.S. urgently needs to find new buyers, with individual investors becoming a key target. To attract individual investors to purchase U.S. Treasuries, creating a 'profitable' market atmosphere has become key. The rapid rise in Bitcoin prices may be a reflection of this strategy, attracting retail investors by generating a wealth effect, thus seeking new buying power for U.S. Treasuries. It is worth noting that the recent stablecoin bill passed in the United States is also thought-provoking. On the surface, the bill aims to regulate the market, but it may actually be a means to prolong the life of U.S. Treasury bonds and maintain the dominance of the dollar. The bill requires compliant stablecoins like USDC to be backed by 100% U.S. dollars or U.S. Treasury bonds as reserves. This means that the issuance of stablecoins actually directly promotes the purchase of U.S. Treasury bonds. Therefore, the current rise in Bitcoin prices and the changes in stablecoin policies may not be purely market behavior, but rather a strategy by the United States to respond to the debt crisis. Investors need to consider these potential influencing factors and carefully assess the market direction when making decisions. In this complex economic environment, the development trend of the cryptocurrency market is worth continuous follow. However, investors should also be cautious of potential risks and comprehensively consider the impact of macroeconomic factors on the market.

Recently, the Fed finally completed the performance that has been ongoing since the beginning of the year. After five pauses in interest rate cuts and months of waiting, they finally chose to cut rates by 25 basis points. This decision has attracted widespread attention, but for Crypto Assets enthusiasts, the most critical question is: what impact will this have on the digital asset market? First, we need to understand the subtle relationship between the Fed's decisions and the political environment. Although some have expressed dissatisfaction with Fed Chairman Powell's decisions, he has consistently maintained a calm and firm stance. This attitude is crucial for market stability, as the Fed's interest rate policy directly affects global capital flows. The tug-of-war between policymakers and market expectations often leads to increased market volatility, and highly sensitive assets such as Bitcoin typically fluctuate accordingly. So, what does this 25 basis point rate cut mean for the Crypto Assets market? While we shouldn't expect immediate and drastic changes, it does bring positive signals to the market. The rate cut lowers borrowing costs, which may encourage some capital from traditional markets to seek higher return investment opportunities, with the Crypto Assets market undoubtedly being a potential choice. Especially against the backdrop of Bitcoin ETF approvals and the gradual entry of institutional investors, if the Fed continues to adopt loose monetary policies, some speculative funds are likely to flow into the Crypto Assets space, injecting new vitality into the market. However, we must also recognize that interest rate cuts are not a panacea for all problems. The development of the Crypto Assets market is still influenced by various factors, including technological advancements, regulatory policies, and overall market sentiment. For example, after the interest rate cut in September, the market response was relatively muted, indicating that investors are weighing multiple factors rather than focusing solely on a single change in monetary policy. Overall, the Fed's interest rate cut decision has created a potentially favorable environment for the Crypto Assets market, but the actual performance of the market will still depend on the interaction of various complex factors. Investors should remain vigilant and closely follow market trends, while also recognizing the inherent high-risk characteristics of Crypto Assets. In this market full of opportunities and challenges, rational analysis and cautious decision-making will be the key to success.