Golden Finance reported that Fu Rao, executive director of the Hong Kong International New Economic Research Institute, pointed out that Bitcoin, as an important part of the digital economy, has gradually transformed from a speculative asset into a mainstream investment tool. Although the long-term trend is positive, short-term market sentiment and speculative capital flows may lead to price corrections, and investors need to be wary of market risks caused by excessive optimism. The Trump administration’s friendly policies toward the cryptocurrency industry will continue to provide strong support for Bitcoin. However, we need to be vigilant that there may be uncertainty in the specific implementation process of the policy. For example, if the new SEC leadership takes a conservative stance on Bitcoin, it may lead to a decline in market confidence.