While we are still red-eyed from the fluctuations of Bitcoin's two decimal places, a big fireworks show has already erupted on the global geopolitical chessboard. Macron just concluded his visit to China with the French delegation, and Japan, South Korea, and the Netherlands collectively lost control of their 'emotional management', especially Japan, whose situation is even more awkward than buying a worthless coin!
As an old hand who has been watching the cryptocurrency market and its connection to the global economy for ten years, I dare say this wave is not just simple diplomatic niceties, but a signal of the global powers 'realigning'. The fact that China can become the center stage of this grand drama is not luck; it is the inevitable result of 'hard power foundation + soft power appeal'. This logic is exactly the same as how we evaluate cryptocurrency projects based on underlying technology + community consensus.
Let's first talk about hard power, which is the 'market value anchor' of all cooperation. Don't just focus on the Federal Reserve's interest rate hikes; the real ballast of the global economy lies here: China, as the world's second-largest economy, has enough voice in the new energy industry chain to be shocking, from lithium mining to battery manufacturing, and then to vehicle exports, we hold the 'lifeblood of the carbon-neutral era.' In the tech circle, it's even more intense: the J-35 stealth fighter realizes aerial discourse power, thorium molten salt technology breaks the energy bottleneck, and 5G coverage is needless to say; now even 6G research and development is ahead.
This completely conforms to the logic of the encryption industry: do you think Ethereum can rise due to speculation? It is its smart contract technology that truly solves the landing problem of decentralized applications. China is now the 'Ethereum' in the global economy, not relying on slogans, but really providing core value that others do not have. Just like our crypto investments, in the end, it still depends on the judgment of the project's technological landing ability, and international cooperation is even more so.
Even more wonderful is the aspect of 'soft power'; we do not engage in the crypto circle's 'whale control' approach, but rather play the 'win-win ecosystem.' This is also the key to why countries are turning towards it; who doesn't want to cooperate with partners who 'do not cut leeks'?
South Korea was the first to see through it; it previously followed the US in shouting slogans, but after China canceled the China-Japan-Korea meeting due to Japan's comments on Taiwan, South Korean President Lee Jae-myung 'turned the helm' within 24 hours, not only changing the order from 'Korea-Japan-China' to 'Korea-China-Japan,' but also softening the words of the ambassador to China in a (People's Daily) interview. This operation is more decisive than our immediate portfolio adjustment upon receiving good news. Simply put, Korea's semiconductor industry needs the Chinese market, just as crypto projects need traffic pools; who is against money?
The situation of the Dutch company ASML is more realistic; as the 'leading power' in the semiconductor circle, it knows better than anyone that China is the world's largest semiconductor market. If it completely cuts off the supply of lithography machines, it would force China to accelerate 'self-mining' and independently develop alternative technologies, at which point ASML would become the 'abandoned old mining machine.' Therefore, it has quietly relaxed the export of some mid-to-low-end lithography machines recently; this wave of 'pragmatic operations' resonates with our risk control logic of not putting all eggs in one basket in the crypto market.
The most restless is still the United States. CNN's comment that 'China may be the only country that can turn the tide' sounds like flattery, but in fact, it reflects the anxiety of the 'old players'—just like early whales in the crypto circle, who fear their discourse power being diluted as they watch new ecosystems emerge. The Pentagon assesses that China's influence in the Western Pacific undermines US strategic strength, which is the same sentiment as whales watching new public chains take away Ethereum's traffic.
The most awkward situation belongs to Japan, which, while following the US in calling for 'decoupling,' watches its neighbors talk cooperation with China. Now it's a case of 'stubbornly not admitting mistakes, yet afraid of missing out on dividends,' more entangled than those retail investors who clearly bought the wrong coins but refuse to cut losses. In my view, Japan will most likely 'quietly increase its holdings' and secretly strengthen economic and trade cooperation with China, after all, economic interests are the hard truth; just like in the crypto market, emotions will eventually give way to value.
Back to what we crypto people care most about: what opportunities are hidden in this wave of geopolitical changes? China's industrial chain resilience and market scale, along with its tolerance for new technologies, will surely lead to major moves in the future in areas like Web3 compliance and the development of green computing power. Just like those who missed Bitcoin back in the day, don't miss the new track of 'China's hard power endorsement' again.
