林超：瀑布将至或是牛市开启？

Group 1 - The U.S. House of Representatives has officially passed the GENIUS Act and the CLARITY Act, marking stablecoins as officially recognized financial instruments under U.S. law [2] - Major banks like JPMorgan and Standard Chartered are rapidly entering the cryptocurrency space, with JPMorgan piloting deposit tokens and Standard Chartered offering Bitcoin and Ethereum trading services [2] - The U.S. retirement market, valued at $8.9 trillion, is beginning to open up to alternative assets, potentially allowing significant capital inflow into the cryptocurrency market [4] Group 2 - If 10% of the 401k funds were to flow into the crypto market, it could result in an additional $870 billion, which is 22.2% of the current total crypto market cap [4] - The current market sentiment is bullish, with a greed index exceeding 70%, indicating a potential risk of market correction despite the positive news [6] - The ongoing price increase in Bitcoin is primarily driven by institutional investments, particularly in Bitcoin and Ethereum ETFs, which have sparked retail investor interest [6][8] Group 3 - Investors are advised to take profits and reduce positions as the market approaches a potential peak, with Bitcoin likely to see further gains but also possible corrections [8] - The market is expected to experience a pullback before continuing its upward trajectory, with investors encouraged to wait for clearer signals before entering [10] - The Federal Reserve's role is crucial in determining which entities gain access to its clearing system, which will shape the future of the financial landscape [12]